Dubai’s Majid Al Futtaim to invest in Saudi, Egyptian, other emerging markets – CEO

Dubai-based Dubai’s Majid Al Futtaim is planning to invest in Saudi, Egyptian, Uzbekistani, and Ugandan markets, chief executive Alain Bejjani told Reuters in an interview on Wednesday.

The Group will spend 2 billion Saudi riyals ($533.6 million) building cinemas in Saudi Arabia as part of a five-year 16-billion-riyal investment plan, Bejjani said. The company began the Saudi expansion plan a year and a half ago.

Source: Reuters