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Saudi Arabia Signed an MOU to Open Cinema Theaters in the Kingdom

Saudi Arabia Signed an MOU to Open Cinema Theaters in the Kingdom

A non-binding MOU (Memorandum of Understanding) has been signed between the Saudi Public Investment Fund and the AMC Entertainment Holdings (the largest cinema provider and operator in the world). The MOU has signed to discover the distribution and distribution of cinematic content, including investment opportunities and partnership in the Saudi Kingdom. The deal took place just days after the decision of the General Authority for Audiovisual Media regarding the issuance of licenses for those willing in opening cinemas in the…

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