Saudi Arabia's Crown Prince Mohammed bin Salman gestures during the graduation ceremony of the 93rd batch of the cadets of King Faisal Air Academy, in Riyadh, Saudi Arabia, February 21, 2018. Bandar Algaloud/Courtesy of Saudi Royal Court/via REUTERS
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Saudi Arabia began issuing licenses Thursday to operate cinemas in the kingdom ahead of their reopening after a decades-long ban was lifted as part of a far-reaching liberalization drive.Major cinema chains are seeking to break into the market of more than 30 million people, the majority of whom are under 25 .In December, US giant AMC Entertainment signed a non-binding agreement with Saudi Arabia's vast Public Investment Fund to build and operate cinemas across the kingdom.
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