Arab Today, arab today grand cinemas in us30m expansion plan
Last Updated : GMT 16:52:01
Arab Today, arab today
Arab Today, arab today

Grand Cinemas in US$30m expansion plan

Arab Today, arab today

Arab Today, arab today Grand Cinemas in US$30m expansion plan

Abu Dhabi - Arabstoday

UAE-based Grand Cinemas plans to double its number of cinema screens in the GCC as part of a US$30m expansion plan, its CEO has said. The firm will open new cinemas in the UAE and Qatar and plans to launch its first movie theatre in eastern European nation Georgia as it looks to grow its customers by up to 50 percent, Jean Ramia told Arabian Business. “At the moment we have 108 screens… in about two years’ time with the signed projects and others in the pipeline, we are going to reach 201 to 207,” he said. The new cinemas will be funded through a mixture of cash and debt, he added. “It’s going to be partially financed…The average cost of a 12-screen [cinema] is US$8 to US$12m, depending on the seats and everything.” The cinema chain, which also distributes films throughout the UAE via its parent company Gulf Film, will open three new cinemas in Abu Dhabi, three in Qatar and another in Dubai’s Dragon Mart. Two cinemas will be located outside of the GCC, said Ramia. Grand Cinemas recently invested US$50,000 to US$80,000 on rebranding its corporate identity amid increased competition in the UAE. Dubai-based developer Emaar Properties launched its own chain of cinemas, Reel Cinemas, in 2009 while Majid Al Futtaim Group acquired CineStar Cinemas - now known as Vox Cinemas - in 2010. Grand Cinemas, which claims to have a 52 percent market share in the UAE, said it will also look to expand its Grand Class cinemas and introduce the country’s first in-dining cinema experience. “In our new cinemas in Yas Marina Mall [Abu Dhabi] we are doing the first in-dining concept in the cinemas. [We will offer] a proper seated dinner in the cinema for the balconies,” said Ramia. Screens at Dragon Mart will also show Chinese movies in addition to mainstream English films, he added. “We will be showing the same movies but add to it different movies, like movies from China, targeting the nationalities that surround International City.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today grand cinemas in us30m expansion plan Arab Today, arab today grand cinemas in us30m expansion plan

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today grand cinemas in us30m expansion plan Arab Today, arab today grand cinemas in us30m expansion plan

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday