MBS, as he's known by his abbreviation, has been on a whirlwind USA tour drumming up American investment.
The first film the cinema will screen will be hit Marvel superhero flick Black Panther, a source added to Reuters.
Having emerged victorious and won the first license, AMC will open its first theater in Riyadh in two weeks time on April 18.
To serve a population of more than 32 million, most of whom are under the age of 30, Saudi Arabia wants to set up around 350 cinemas with over 2,500 screens by 2030, which it hopes will attract almost $1 billion United States in annual ticket sales.
Although Saudi Arabia had some theatres in the 1970s, they were closed down by Islamist clerics in the early '80s. This theater will not be segregated by gender, like many places in Saudi Arabia. Despite the cinema ban, Hollywood films are widely watched through other means.
The move for opening the movie theatres would open the local market with the yearly ticket sales of about $ 1 billion which is what that urges other leading movie chains eager to enter the Gulf region's largest market.
"We expect this to be a very lucrative opportunity for AMC", said AMC's Chief Executive Adam Aron in a conference call with Fox Business.
AMC will be working alongside the government's Development and Investment Entertainment Company, a subsidiary of Saudi Arabia's sovereign wealth Public Investment Fund (PIF). Part of Vision 2030 will see several exhibitors, including AMC, build 350 theaters in the country by 2030.
Conor McGregor hit the headlines for the wrong reasons on Thursday after being stripped of his UFC lightweight title. This weekend's fight against Alex Caceres provided Lobov an opportunity to try to end a two-match losing streak.
Teachers picket around the Oklahoma State Capitol in Oklahoma City on Monday to protest education funding and salaries. Teacher union officials in Oklahoma say many educators have left their schools for higher pay in neighboring states.
The Deputy Executive Associate Director of IC Philip Miller told reporters most women in their third trimester will be left alone. In practice, ICE detained more than 500 pregnant women in 2016, the last full year the policy was in effect.
Reverse repo was kept unchanged at 5.75 percent and Statutory liquidity ratio (SLR), which stand at 19.5 percent, kept unchanged. Investors, however, are in a wait-and-watch mode ahead of the RBI's first bi-monthly policy meet for FY19, they added.
The designs will include locally sourced foliage and have flowers and plants that are in season during May. Prince Harry has previously stated the importance his late mum has in his relationship with Markle.
By one estimate, as many as 24.3 million people may not respond to the Census if it includes a citizenship question. Department of Commerce's alleged "unconstitutional and arbitrary decision" to add the citizenship question.
And if you haven't grabbed the game yet, PC, PS4, and Xbox OneGhost Recon Wildlands is available for purchase at Amazon on. It will also contain an exclusive customization pack, four Special Ops Battle Crates, and four Ghost War Battle Crates.
Eastern Ghouta was taken over by rebel groups in mid-2013, resulting in the Syrian government besieging the area since then. According to United Nations officials, hundreds of thousands of people have been killed in the conflict to date.
Indian killed in Iraq went through illegal agents: MoS
Sarwan Singh, the younger brother of Nishan Singh -- who was also killed in Iraq, said the minister's statement was unfortunate. To a query, he said that had they got any clue about the Indian men, they could have been saved like nurses were saved in Iraq.
U.S. stocks fall on tech weakness, Treasuries slip
In 1.49pm trading in NY , the Dow Jones Industrial Average rose 0.7 percent, while the Nasdaq Composite Index gained 0.2 percent. The June gold contract closed up $19.60 at US$1,346.90 an ounce and the May copper contract was up two cents at US$3.05 a pound.
Trump Threatens To Leave NAFTA, Says DACA Deal Is Off
Such proposals are likely to face opposition from moderate Republicans and Democrats going into the midterm elections. They had a great, great chance, but we'll have to take a look because Mexico has got to help us at the border.
Oklahoma teachers will fight 'until hell freezes over' if needed
Oklahoma is dealing with a severe teacher shortage, and many districts have moved to four-day school weeks in order to save money. Churches and organizations such as the Boys and Girls Club and Girl Scouts are offering daycare or camp-style accommodations.
MI heads to national title game against Villanova
MI showed against Texas A&M it can get hot, but the Wolverines have struggled on offense in four of their five tournament games. Free Press sports writers and columnists predict Monday's national championship game between MI and Villanova in San Antonio .
Huskies fall short Notre Dame 91-89 in OT
Notre Dame turned the ball over with 3.6 seconds left when Jessica Shepard dribbled the ball off her foot. The team that pulled off the big upset in last year's women's Final Four has tipped off another one.