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FINANCIAL NEWS
Majid Al Futtaim Group to invest USD 8.17bn in UAE
02 Jun 2016
(MENAFN) Dubai-Majid Al Futtaim group to invest USD 8.17bn in the UAE in the coming 10 years, and will develop a 740,000 square meters mixed-use residential.
Moreover, the firm will develop 10 new shopping malls under the City Center brand, while it will expand its existing City Center malls in Ajman and Me’aisem.
Additionally, the firm will also add six new hotels to its Mall of Emirates and City Center Mirdif malls and its planned mixed-use community in Dubai.
The firm will also take its retail-tainment model to Abu Dhabi, while the new developments are predicted to double MAF’s total retail area to 1.5mn sqm.
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