Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Al-Futtaim and PVR signs a Memorandum of Understanding to establish a Joint Venture cinema business in MENA
 
Al-Futtaim and PVR signs a Memorandum of Understanding   to establish a Joint Venture cinema business in MENA

Dubai, United Arab Emirates, July 10, 2018:   Al-Futtaim, one of the most diversified and progressive privately held regional businesses headquartered in Dubai, and PVR Limited, the largest and most premium film exhibition company in India have signed a Memorandum of Understanding to explore opportunities for jointly developing a cinema business in the MENA region. The joint venture will introduce a collection of unique experiential cinema formats to the region including, PVR’s Director’s Cut, a format that blends the best in high-end hospitality and entertainment.

“We see great potential in the cinema business in the region, and particularly in Saudi Arabia, following the government’s decision to reopen the cinema industry,” said Marwan Shehadeh, Group Director, Corporate Development at Al-Futtaim. “PVR is the perfect partner for Al-Futtaim, given its 20 years’ proven track record of operating and creating experiential cinema formats, catering to customers looking for best in class experiences. To begin with, we have already identified locations in Al-Futtaim real estate developments such as Dubai Festival City and Festival Plaza in Dubai and are in discussion with landlords to secure other locations in Dubai and the Kingdom of Saudi Arabia.”

Commenting on the partnership Ajay Bijli, Chairman and Managing Director, PVR Limited said “We see a great opportunity in taking the PVR brand to the MENA region, particularly expansion in UAE and entry into the Saudi Arabian market which has recently decided to open up the cinema industry. We are delighted to partner with Al-Futtaim, which is one of the most diversified and progressive privately held businesses in the region. 


Posted by : Dubai PR Network Editorial Team
Viewed 7094 times
PR Category : Banking & Investments
Posted on : Tuesday, July 10, 2018  2:34:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : ICAEW: GCC businesses must comply with GDPR or risk hefty fi...
Next Story : Dubai South witnesses 400% growth in the number of companies...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Purely Pandora Classics With a Twist [30341-Views]
Tryano Launches Elemis [25992-Views]
Festive Gifting Guide [25571-Views]
New 1948 Seamaster Watches Join the Ranks [24681-Views]
Add a festive sparkle to your eyes with Palladio Beauty [24455-Views]
The Geo-Graham Orrery Tourbillon presents a galaxy you can reach out and wear Geo-Graham O... [23936-Views]
Amp up your skincare routine with The Organic Pharmacy's new corrective serums [22960-Views]
Parmigiani Fleurier, new Friends of the Brand – ice-hockey superstar, Evgeniy Malkin and T... [21057-Views]
Hour Choice presents Coach Park Collection [19685-Views]
Certina DS PH200M collection [18892-Views]
Joyalukkas brings joy to hundreds around the world with gold bar giveaway this festive sea... [18257-Views]
Tissot T-Race Marc Marquez [17586-Views]
LACOSTE presents its new Legacy collection [16055-Views]
Oh So Heavenly! Bath Sets from Glambeaute.com that make a great gift this festive season [14518-Views]
Souq.com's Biggest Ever White Friday Sale [9534-Views]
Discovering the power of Accessorizing with Rebecca Minkoff [7930-Views]
Kors Dubai: Michael Kors Celebrates A New Middle East Flagship Store and Special-edition ... [6838-Views]
Introducing Nokia 3.1 Plus to the UAE [6667-Views]
Introducing the GUESS Holiday 2018 Collection [6643-Views]
Zoho launches its cloud accounting software in Bahrain [6637-Views]
Puma Launches RS-X Toys [6600-Views]
The Ultimate Festive Guide For Little Ones [6576-Views]
The Custodian of the Two Holy Mosques King Salman bin Abdulaziz honored Huawei with the Fi... [6289-Views]
Puma Drops Cali in New Colorway [6057-Views]
Jameel Arts Centre, Dubai opens with an ambitious set of exhibitions and programmes featur... [5466-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories