(MENAFN) Mulk Holdings announced it has decided to make a USD40 million investment in a landmark duty free shopping center in Lagos, Nigeria, as part of its plan to expand into the global retail market, Arabian Business reported.
Mulk said that it has signed a contract with leading global retailer Suzanne Group for developing the facility at the National Theatre of Nigeria, in a project which aims at promoting tourism in the country by attracting tourists to Nigeria and by buying quality products manufactured in Africa.
Mulk said that the group is adopting aggressive strategies to expand its core business, while diversifying into other sectors like retail, commodities, healthcare and energy solutions.
"Our vision 2020 is an ambitious initiative, which involves serious investment into both our existing businesses and diversification into sustainable industries," Mulk Holding CEO said.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.