Mexican cinema operator Cinépolis, the fourth largest cinema exhibitor in the world, has partnered with retail group Al Tayer Group to build and operate cinemas across the GCC region.
This venture will introduce Cinépolis’ world-class cinema-going experience - high-touch theatre concepts, including Luxury, Premium, Macro XE, 4D Emotion technology and children friendly Cinépolis Junior auditoriums - to Gulf audiences for the first time.
Over the next five years, this joint venture seeks to establish Cinépolis as a leading player in the UAE, Oman and Bahrain. In Saudi Arabia, Cinépolis and Al Tayer Group have partnered with Al Hokair Group, a leading hospitality and entertainment operator in the MENA region.
The Joint Venture has recently been granted a Cinema Operating License by the Saudi General Commission for Audiovisual Media (GCAM) and plans to develop movie theatres in 15 major cities across Saudi Arabia.
“We are delighted to have entered the Gulf market through our regional partner Al Tayer Group,” said Cinépolis Managing Director Middle East & Asia, Javier Sotomayor. “Through this venture, we are confident we can provide best in class service and experiences to our future customers. We are equally honoured to have partnered with Al Hokair Group in Saudi Arabia, who shares our mission to provide best in class service and experiences to guests.”