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FINANCIAL NEWS
UAE’s Majid Al Futtaim invests USD5 b in expansion plan
18 Dec 2013
(MENAFN) Majid Al Futtaim, a leading shopping mall, retail and leisure group in the Middle East, has announced its USD5 billion expansion plan, according to Khaleej Times.
The expansion plan is expected to be completed in 2018, and to double the group’s business to USD12 billion by the end of the coming five years.
The group will invest USD1 billion annually over the five years to expand its presence in the Middle East, said Iyad Malas, chief executive officer of Majid Al Futtaim Holding.
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