Cathay gives Reel start to JV Print E-mail
Written by Patrick Frater   
Thursday, 15 May 2008
Story Categories: Exhibition/theaters, Finance, Singapore,

CANNES -- Singapores Cathay Organisation and Dubais Emaar Malls group have named their cineplex joint venture Reel Cinemas and confirmed plans to open multiplexes in the Middle East, North Africa, India and Indonesia.

First to open will be the 22-screen Reel Cinemas Dubai Mall that will begin operations in the last quarter of the year. Shortly after it will open a premium-only six-screener in Dubai Marina. (Variety, Oct 31, 2007.)

Company said successive openings are skedded for Cairo (Cairo Gate and Uptown Mall) and Damascas.

Emaar is planning to build 150 malls across the region.


© Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
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