IMAX Corporation (NYSE: IMAX; TSX: IMX) and New Tour Safaris Co., Ltd., operator of Urgoo Cinemas, a theatrical exhibition and entertainment company in Mongolia, announced Friday an agreement to install two IMAX theatres in new construction projects in the city of Ulan Bator, the nation’s capital and largest city.

“We are delighted to join forces with the nation’s top exhibitor to bring IMAX to moviegoers in Mongolia – one of the world’s fastest-growing economies and a market which we believe holds tremendous potential,” said Andrew Cripps, president of IMAX EMEA.

IMAX will now have a presence in 58 countries worldwide.

“With the world’s biggest blockbuster titles in the world’s most immersive format, we are proud to be the first to introduce The IMAX Experience to the country and look forward to expanding our partnership in the future,” said Mr. Anandbazar Tsogt-Ochir, chairman & CEO of SOD Mongol Group the parent company of New Tour Safaris.

Photo courtesy: IMAX