Dubai MAF plans to invest $467mn in Oman mall project…

Dubai retail group Majid Al Futtaim (MAF) yesterday announced plans to invest 180mn Omani rials ($467mn) to build a shopping mall in the neighbouring Gulf state of Oman.

Built on 157,000 sq m of land in the capital Muscat, Mall of Oman will have 350 stores including a Carrefour outlet and a cinema complex, MAF said in a statement. T

he project will be Oman’s largest shopping and entertainment complex and is expected to be completed in the fourth quarter of 2017, the company added. MAF, the sole franchisee of Carrefour hypermarkets in the region, said 1,500 jobs would be created during construction of the mall and an additional 3,500 permanent jobs were expected once the shopping mall was open.

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