UAE to get 50 new cinemas as Lulu Group subsidiary Line Investments, Stars Cinema sign deal

Line Investments & Property, the shopping mall development, and management arm of Lulu Group International, and Stars Cinema have signed a joint venture to open 50 cinemas across the UAE.

The theatres will showcase movies in Arabic, Hindi, English and other languages.

“We are expanding partnership with Stars Cinema because they are bringing all the films to GCC. It will be a good opportunity to join hands with them to operate cinemas,” MA Ashraf Ali, executive director of Lulu Group International, said after signing an agreement with Stars Cinema last week.

He added that over 50 cinemas will be opened by 2025 in the country.

Last week, Line Investments & Property and Stars Cinema signed a deal to open 22 additional screens to the existing 76 screens operated by Stars Cinema. The event was attended by MA Ashraf Ali, Ahmad Golchin, founder and chairman of Phars Film & Stars Cinema, and other officials.

The companies said the signing of JV has put Stars Cinema as the second largest cinema operator in the UAE, based on screen count.

Under the agreement, 3 screens will be opened at Al Raha Mall, 9 screens at Al Wahda Mall, 6 screens at Al Foah Mall, and 4 screens at Barari Outlet Mall in September 2023.

The agreement will also cover opening Stars Cinema in Dubai Silicon Oasis Mall, Sharjah Central Mall, and RAK Mall in Ras Al Khaimah.

Golchin said work at Dubai Silicon Oasis would commence soon, followed by Sharjah Central and RAK Mall.

ALSO READ:

• UAE: Not receiving a salary increment despite being promised one earlier? Here's what you can do

• UAE non-oil sector continues to grow at a strong pace, creating more jobs in July

• Salary support, right job listings: How UAE’s Nafis programme is bridging gap between public and private sectors

• Jobs
• UAE