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FINANCIAL NEWS
UAE-Majid Al Futtaim to invest USD 1.33bn in Oman
03 May 2016
(MENAFN) UAE’s based retail and leisure developer Majid Al Futtaim proclaimed that it would make 42,000 new job chances in Oman as part of an investment of USD 1.3bn.
Additionally, the conglomerate will invest USD 712.19mn in the Mall of Oman project, USD 116.54mn in City Center Sohar and USD 38.84mn in My City Center Sur.
Moreover, the firm already invested USD 492.06mn in three projects since 2001, making more than 23,000 in their construction and operation.
City Centre Sohar will contain 100 retail outlets when it opens in 2018 and My City Center Sur will be MAF’s first community mall in Oman by 2017.
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