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FINANCIAL NEWS
MAF plans USD816m investment in Dubai
30 Jun 2013
(MENAFN) UAE conglomerate Majid Al Futtaim Holding (MAF) unveiled plans to fresh USD816 million investments in Dubai over the next five years to support the emirate’s Dubai 2020 tourism vision, Arabian business reported.
MAF explained that its plans will include building two new hotels, upgrading two existing hotels, enhancements to its flagship Mall of the Emirates and Deira City Centre shopping malls, opening four new Carrefour supermarkets and two new hypermarkets, in addition to building a new 14-screen cinema complex.
The company is also mulling plans to build a new 50-store community mall in a prime residential area of Dubai.
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