Abu Dhabi, UAE - Aldar Properties announces plans for Al Ain's first Vox Cinema which will open at Al Jimi Mall, the Garden City's first and favourite shopping and entertainment destination, as part of the mall's ongoing AED 410 million expansion and renovation project.
When it opens its doors in Q1 2018, Al Jimi Mall VOX Cinemas will offer a wide variety of blockbuster movies unmatched in Al Ain, catering to Hollywood, Bollywood and Arabic audiences. Visitors can look forward to an unparalleled movie experience which includes the latest in digital projection and immersive surround sound. It will feature 8 screens on the first floor of the new West Wing, increasing Vox Cinemas' footprint to a total 193 screens across the region.
Jassem Saleh Busaibe, Chief Asset Management Officer, Aldar Properties, commented: "Our community is at the heart of everything we do and we are delighted to partner with VOX Cinemas to bring this best in class entertainment experience to Al Ain. With a great deal of expansion happening at Al Jimi Mall as part of our AED 410 million programme, VOX Cinemas is just one exciting chapter in a much bigger story that will enhance our retail offering in the city."
The venue is part of a massive expansion programme currently in progress at Al Jimi Mall. It includes an expansion to the west side of the mall, the 'West Wing', adding 51 new units over three levels. This will provide additional retail space as well as new dining and entertainment outlets. An expansion to the north side of the mall, the 'Retail Park', will consist of three Retail Boxes with sizes ranging from 1,500 square metres to 6,500 square metres designed to accommodate different retailers' area requirements, as well as food and beverage outlets, an event plaza and parking space for more than a thousand additional cars. The project also includes a refurbishment for the existing mall, including entrances, public spaces, canopies, flooring, toilets and food court.
VOX Cinemas is known throughout the region for providing customers with more than one way to watch their favourite movies and Al Jimi Mall VOX Cinemas will be no exception with a variety of VOX's most popular concepts in store for visitors.
The expansion and renovation project at Al Jimi Mall is part of a 3 billion dirham investment programme that Aldar is implementing to drive growth within its recurring revenue business to achieve its new target of 2.2 billion dirhams Net Operating Income (NOI) by 2020.
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About Al Jimi Mall
Al Jimi Mall is Al Ain's first and favourite shopping and entertainment destination offering families and shoppers a wide variety of their favourite brands in the heart of the Garden City.
About Aldar Properties
Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.
From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE's Capital City in addition to other key areas of the Emirate.
Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island's F1 circuit.
Aldar's shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.
Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail - Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.
Aldar is driven by a vision to be the most trusted and recognized real estate lifestyle developer in Abu Dhabi and beyond.
About Majid Al Futtaim Cinemas
VOX Cinemas is the Middle East's most innovative and customer-focused cinema exhibitor. Owned and operated by Majid Al Futtaim Cinemas, VOX Cinemas is the cinema arm of Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa. With 17 cinema complexes totalling 193 screens across the region, including 161 screens in the UAE, 15 screens in Lebanon and 17 screens in Oman, VOX Cinemas is now the Middle East's largest and most rapidly growing cinema exhibitor. The company is undergoing a 1 billion dirham investment that will see the company expand to operate 550 screens in the region by 2020.
Tailoring every cinema location to the surrounding market place and customer preferences, VOX Cinemas offers a mix of cinema experiences including two luxury cinema concepts, the first one being VOX THEATRE by Rhodes which is a collaboration with Michelin Star Chef Gary Rhodes, and the second one being the much loved VOX GOLD luxury cinema experience. Taking the VOX MAX big screen cinema to the next level, VOX currently operates the Middle East's largest cinema screen in the region at the Virgin Radio MAX screen in City Centre Deira in Dubai. VOX also has the very first and only IMAX with Laser screen in the Middle East, holds the Middle East's exclusive rights to the immersive 4DX experience, and operates VOX KIDS, the very first cinema in the Middle East dedicated to kids having fun. VOX also recently introduced OUTDOOR, the first open air VOX Cinemas in the region located on Galleria Mall's Rooftop in Dubai for the cooler months of the year.
www.voxcinemas.com
For further information, please contact:
Media:
Obaid Al Yammahi/ Nick Farmer
Aldar Properties
+971 2 810 5555
Asala Faddah/ Layla Haroon
Bell Pottinger
+971 5555 97392
© Press Release 2016
