Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai's Al Futtaim to build USD1.6b shopping mall in Saudi  Join our daily free Newsletter

MENAFN - 02/06/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN) Dubai-based Al Futtaim Group plans to build Saudi Arabia's biggest shopping mall through a memorandum of understanding the group has signed on Sunday, according to Arabian Business.

The MoU was signed between Al Futtaim Group and Riyadh-based Kayannat Real Estate Company, which will supervise the construction work of Al Diriyah Festival City.

The mall will extend over 250.000 square meters, and will be lcated in the west of Riyadh.


The project is expected to cost USD1.6 billion, and is scheduled to be completed by the second half of 2015.

Omar Al Futtaim, vice chairman, Al Futtaim Group, said: "With a population of 30 million #SaudiArabia is the GCC's biggest market with a booming retail sector expected to reach a value of USD73.57 billion by the end of 2014 which accounts for 17 percent of Saudi Arabia's GDP."

 
 


MENAFN




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help