After a Long 35 Year Ban on Movie Theatres, Saudi Arabia Lifts the Ban.

Saudi Arabia finally declared the official lifting of bans of movie theatres to the kingdom for the first time after 35 years. The move is still on its way to be executed full-fledged. “Opening cinemas will act as a catalyst for economic growth and diversification; by developing the broader cultural sector we will create new employment and training opportunities, as well as enriching the Kingdom’s entertainment options.” said Minister of Culture and Information Awwad bin Sakeh Alawwad.

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The first movie houses are supposedly to be open in March. The cinemas in Saudi were shuttered in 1982 by the government when the clerics persuaded to do so. The General Entertainment Authority previously stated that they desire to have entertainment that “will be like 99% of what is going on in London and New York.

Vue International’s leading exhibitor founder Tim Richards attended the Future Investment Initiative conference and concluded that it looks like a great opportunity to work here. He said, “They have some incredible plans in place and we would very much like to be a part of that going forward.”

Authority to grant licenses to the cinemas has been passed by a resolution by Saudi Arabia’s board of General Commission for Audiovisual Media. “This marks a watershed moment in the development of the cultural economy in the Kingdom.”

Speculations have been made that the multiplexes can open in March 2018, said on Monday by the Ministry of Culture and Information. The industry is expected to contribute $ 24 billion to the to the economy to make around 2000 screens in more than 300 cinemas by 2030 and fetch more than 30,000 permanent jobs.

Imax Corp. and AMC Entertainment Holdings Inc. Movie-theatre companies that are interested in expanding their business into Saudi Arabia. “Saudi Arabia represents a lucrative business opportunity.” AMC of Leawood, Kansas has agreed to explore potential investments with kingdom’s public investment fund. Adam Aron, CEO of AMC said, “Saudi Arabia represents a lucrative business opportunity.” Imax till now operates in airing educational films at a science centre, which is also now going to expand its wings.

The plan for the cinema is “central to the government’s program to encourage an open and rich domestic culture for Saudis” said the Information Ministry.

However, the conservative Saudis including the Islamic clerical establishment of the country have raised questions on the non-religious forms of entertainment. It’s still not known whether the cinemas will have different show times for men or have family-only sections. The editing of the movies would be according to the “standars of the Kingdom” and would not “contradict with Sharia Laws and moral values”


Comment(s):

Baba

12 Dec 2017 09:39 PM

Nice Step


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