TEHRAN, June 17 (Mehr News Agency) –- A leading foreign company is to take part in a joint investment project to build small cinemas nationwide.

The new scheme was initiated by the Ministry of Culture and Islamic Guidance, Ministry of House and Urban Development, as well as Alaliya Film Production Studio in the early months of 2002.

The private foreign company has agreed to invest $60m dollars, as stated by the head of Alaliya Studio.

Nasser Shafaq added that 500 small cinemas will be built in 50 cities in due course.

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News Code 149

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