Dubai – Mubasher: Majid Al Futtaim Cinemas on Tuesday revealed its plans to invest AED 1.2 billion.
This investment is aiming to expand VOX Cinemas through a series of acquisitions, in order to keep the company’s position as the Middle East’s largest and most rapidly growing cinema, the company said in a press release.
VOX Cinemas set 23 new locations, to be opened during the next three years, the company added, noting that 2018 will witness opening 16 locations in seven countries, totalling 145 screens.
The number of screens will be doubled to more than 600, which will create 1500 job opportunities in the region by 2020, the company continued.
Our company expanded its customer base by 50% during the last 12 months, as we are expecting the number of visitors to hike to 18 million by the end of the year, CEO Cameron Mitchel said.
