PVR plans entry into Middle East, North Africa region; to form JV with Al-Futtaim Group Industry-The Economic Times — July 10, 2018 comments off The Ajay Bijli-promoted company has signed a memorandum of understanding (MoU) with Dubai-based diversified business conglomerate Al-Futtaim Group to explore opportunities for jointly developing a cinema business in the MENA region.