GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking

 
  Share

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 : GoDubai Editorial Team
Viewed 3300 times
Posted on : Tuesday, July 10, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Alvarez & Marsal's UAE Banking Pulse Report for Q1 2018 Analyzes Performance of Banking Sector
Next Story : Dubai South witnesses 400% growth in the number of companies operating in the Business Park
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Express Your Signature Style
The Memovox Adventure
Cerruti 1881 Infinite Love
OMEGA's second "Speedy Tuesday" sells in 01:53.17
Manero Peripheral (43 Mm) Classic Watchmaking Meets State -of-the - Art Technology
Olivia Burton Watercolour Florals
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon
Ferrari takes the “Red Dot: Best of the Best” design award for the fourth year r...
New short indie movie ‘The Peril' is a wake-up call to parents about internet sa...
Beat the heat with mini dresses
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable m...
Marchon Eyewear and G-III Apparel Group Sign Exclusive Global Licensing Agreemen...
DKNY Fall 2018
Oh, Sweetie Lipcolour!
Tissot T-Race Cycling An adrenaline-fuelled ride
Travel Light with Beauty Essentials from Glambeaute.com
Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Bie...
Enjoy an all-day breakfast at Sophie's Café
Dubai Camel Racing Club Honours Al Tayer Motors
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for touris...
Inspired by legends, worn by new heroes, PUMA FOOTBALL brings you the AC MILAN 2...
DHL Express drives energy efficient solutions with new electric vehicles in Dubai
Go Down Memory Lane with Fashion Trends from the '90s
Dubai Creek Harbour Project Celebrates 5 Million Man Hours with Zero Lost Time A...
Enjoy DSS 2018 Offers at Parah
Outstanding Guide programme launched by Sharjah Museums Authority
Launch of PINAR Water - Turkey
Sighting Immediate Hiring of UAE Nationals, Union Coop Organizes Exclusive Recru...
Summer Love by Mouawad
Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards
Cromia Offers Amazing Discounts during DSS
2XL launches luxurious Louna sofa set in velvet
Dubai Business Women Council witnesses 28.3% growth in total membership during f...
Tommy Hilfiger Dressed Up Collections
New hope for patients as world's first and only approved therapy to treat two ty...
Mobile Fiesta at Jumbo Electronics this DSS 2018
DS Podium Chronograph - Sporty as ever, now with PrecidriveTM
HP Collaborates with Abu Dhabi's Danat Al Emarat Hospital to Re-invent Patients'...
Huawei's New Range of Artificial Intelligent Smartphones Set to Change Your Self...
Finnair launches off-airport baggage collection and check-in service in London w...
Ferrari's turbo-charged V8 is voted the best engine of the last 20 years
Experts urge residents to recognize early signs of Heart Disease
Take your mobile gaming to the next level
Martin on a Mission as He Claims Sixth Spot for UAE Team Emirates in Stage Five ...
A new time machine – Time Machine 3 (TM3) by Florian Schlumpf, now available at ...
PCFC and GDRFA helped 511 employees tie the knot over last 7 years
dnata celebrates 25 years of international growth
Confidence in Follower Counts
Gulf region's automation industry on track for double digit growth
Al-Futtaim and PVR signs a Memorandum of Understanding to establish a Joint Ve...