(MENAFN- Muscat Daily) Majid al Futtaim Properties, the leading developer, owner and operator of shopping malls, hotels and complementary mixed-use communities in the MENA region, on Sunday announced an RO180mn investment to build the ‘Mall of Oman,' a super regional mall, in Bausher.
The announcement was made during a signing ceremony attended by George Kostas, Alain Bejjani and Talib Omar from Majid al Futtaim, and H E Mohsin al Sheikh, chairman of Muscat Municipality and Hamad al Rasbi, director general, investment, Muscat Municipality.
''Today is a milestone occasion for Oman's residents and tourists, as we unveil our plans for Mall of Oman – set to be the sultanate's largest and most comprehensive shopping destination,'' said Kostas, CEO of Majid al Futtaim. ''Mall of Oman further demonstrates our commitment to the Omani market and to our growth plan in the wider MENA region. Oman's new shopping and entertainment destination is expected to generate 1500 jobs for its construction and a further 3500 jobs once opened, and will enhance the Sultanate's retail and entertainment offering for both residents and tourists. The Mall of Oman will also provide an opportunity for our retail partners to further establish their businesses in the Muscat market in retail and entertainment destinations of unparalleled quality and value.''
The project will begin in 2014. The mall will be built on 157,000sq m of land and will encompass 350 stores in addition to a leisure component. Anchor tenants will include Carrefour, VOX Cinemas and Magic Planet, a press release sa
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