Wednesday, 23 January 2019

Majid Al Futtaim boss: ‘We’ll be everywhere’ in Saudi cinema expansion

Majid Al Futtaim boss: ‘We’ll be everywhere’ in Saudi cinema expansion:

A leading foreign investor in Saudi Arabia signaled his confidence in the Kingdom’s economy and investment prospects with a multibillion-dollar expansion program and a rollout of innovations in leisure and retail.

Speaking on the sidelines of the annual World Economic Forum in Davos, Alain Bejjani, chief executive of Dubai-based Majid Al Futtaim (MAF), unveiled the latest stages of a $4 billion investment plan.

This includes the first Vox cinema in Jeddah — part of a rollout that will see 300 new screens in the Kingdom within 18 months — and a plan to introduce Saudi-only workforces in the Carrefour chain of supermarkets that MAF operates in the country.

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