20 Dec 2010
(MENAFN) Peter Walichnowski, Chief Executive Officer at Majid Al Futtaim (MAF) Properties, said that it is currently in the middle of a $3.5 billion plan that will see four new malls delivered in the Middle East North Africa region by the end of 2013, Arabian Business reported.
In the quarter of 2012, MAF is scheduled to open another mall in the emirate of Fujairah, and will launch Beirut City Centre by the end of the same year, together with Mall of Egypt in Cairo and Khams Shamat in Damascus, both of which are expected to come online before the end of 2013, revealed Walichnowski.
Moreover, the Dubai-based property firm is eyeing an expansion into the Saudi retail market. However, plans are currently at a halt due to funding requirements, finding an appropriate location and market confidence, he added.
According to Walichnowski, MAF also seeks to enter the Abu Dhabi market, but is hindered by finding a suitable location within the country’s capital.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more