Sharjah Electricity and Water Authority said the Conservation Hour or Peak Hour initiative will start in July and last until September
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Saudi Ministry of Information confirmed 350 cinema theatres with 2,500 screens are slated to be open across several Saudi cities by 2030.
The first company to obtain a license to operate cinemas in Saudi Arabia is AMC.
The Black Panther will be the first film to be shown in the Kingdom's first cinema. It has now made $665.4 million domestically, which makes it the third-highest grossing film in North American history.
The film will be exhibited in a theatre that can accommodate 620 people at the King Abdullah Financial Center in Riyadh, and the American operator AMC has also scheduled a special event for the historic opening.
Cinema tickets will be initially priced at 50 riyals.
Saudi Arabian Ministry of Culture and Information has estimated the contribution of the cinema sector to its GDP to be over $24 billion.
Cinemas in Saudi Arabia will create more than 30,000 full-time jobs, in addition to 130,000 part-time jobs by the year 2030.
Sharjah Electricity and Water Authority said the Conservation Hour or Peak Hour initiative will start in July and last until September
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