According to a recent announcement by The Abraaj Group, it has officially entered Pakistan’s entertainment industry and has acquired shares in Cinepax cinemas.
Cinepax has 29 screens in 12 locations across Pakistan. Abraaj will support the company in establishing international standard multiplex cinemas in new and upcoming locales in more cities of the country.
With Abraaj’s investment, Cinepax plans to develop 80 new cinemas across multiple locations over the next four years and also intends to grow to other entertainment related ventures.
Abraaj announcement said that Pakistan’s entertainment industry has significant growth potential underpinned by strong demographic drivers, positive changes in regulatory frameworks, and a growing number of malls that can support cinema multiplexes.
In addition, the currently low ratio of cinema screens (0.5 per million population) and the opportunity to revitalize the local film industry represent a compelling investment rationale.
The Group places a high priority on environmental, social and governance considerations and will actively assist with job creation and training of multiplex staff, as well as strengthening governance and operational efficiencies to achieve best-in-class operating standards.
The Abraaj Group Partner for Asia, Omar Lodhi, said that the group’s investment into Cinepax demonstrates its faith in Pakistan’s young population and expanding middle class.
“As one of the most active investors in Pakistan, with a strong on-ground presence, we see a long-term market opportunity in the cinema operator and video streaming business.” Omar Lodhi added.
Omar further said that Cinepax’s founders, Arif Baigmohamed and Pir Saad Ahsanuddin, reflect Pakistan’s vibrant entrepreneurship ecosystem, having helped grow the cinema sector in the country. We look forward to partnering with Cinepax’s management team in enabling the company to reach a wider audience.
Chairman of the Cinepax Board, Arif Baigmohamed, said
We are also committed to supporting local talent and the film making industry. The Abraaj Group holds an impressive track record in the consumer sector, having taken companies like ours to the next level of growth and evolution. We are delighted to welcome Abraaj as an investor into our business and look forward to partnering together to reach more people across the country, providing much needed entertainment options.
Cinepax in Pakistan
Arif Baigmohamed and Pir Saad Ahsanuddin established Cinepax in 2006 and launched their first multiplex in 2007. Since then, the Company has established itself as the market leader and today has 29 screens.
About the Abraaj Group
The Abraaj Group has been present in Pakistan since 2004. This transaction marks Abraaj’s 9th investment in Pakistan across a number of sectors including healthcare, power distribution, renewable energy and industrials.
Abdul Wahab bhai aap movies nai dekhte? Abhi tak comment nai aaya?
Cinema Ja Kar Waste of Money & Time Zaya Nahi Karta :
Ghar Par Apni Pasand Ki Movie Dekhta Ho DoDear & TV Par :
Wo Bhi Pause And Play K Sath Jab Bhi Mera Dil Kare
Beta achi jaga jany k liye paisay kharch krnay party hain cinema ka charm kabhi khatam nhi hota or asal maza movie ka cinema pr hi hy waisay tum theek krtay ho movie dekhnay jai ge tu comment koun kray ga or by tha way yahaan Sara din Jo behtay rehtay ho is yeh time zaya nhi kr rhy Aby is k elawa bhi khuch kr lay maa Baap k bohat arman hotay hain farigh insaan samjha k nahi tu cable or do dear pr hi theek hy cinema or films ko baksh day
Wah bhai wha time waste ka bol bhi koun rha hy Jo khud duniya ka farigh tareen insaan hy or aap ki nazar main Jo cinema jatay hain woh time or paisay waste krtay hain aap agar muft main cable pr pirated films dekhtay woh theek hy is say time zaya nhi hota? Comment krtay waqt Zara soch samjh kr Bola kro har mamlay main tang mat araya kro agar thumhain muftay ki aadat hy tu kya sub log issi trah films enjoy krain ge is trah hota tu cinema industry itni taraqi na kr rhi hoti aainda boltay waqt soch Lia kro jis cheez k baray main pata na ho BUQRAT na bana kro warna har jaga zaleel hogay
i think u have more time to critisize rather than doing some other tasks
:p
Yaar yeh banda baat hi is trah ki krta hy aap khud batao comment krna sub ka haq hy but khud apnay aap ko turam khan samjh kr Bila wajha taang Arana khaan tk theek hy har banda har cheez main perfect nhi hota bhai ab jb tum khud kabhi cinema gye nhi ghar beth kr muftay main sub dekh rhy ho or dosro ko paisay or waqt k zaya honay pr lecture day rha hy tu banda is munafiqat pr bolay ga tu sahi yeh banda hy hi is qabil phir bhi zaleel honay pr baaz nhi aata
Leave it
Simple
Bear it or PAss it
Theek kaha bhai yehi mashwara is farigh insaan ko bhi dain k har mamlay main syana kawaa na banay
He knows well
:D