Sunday 15 November 2015

Majid Al Futtaim targets Saudi and other Gulf markets | GulfNews.com

Majid Al Futtaim targets Saudi and other Gulf markets | GulfNews.com:

"Majid Al Futtaim, the owner and operator of seven malls in the UAE, says it is planning to open a shopping centre in the Saudi capital. The company is also looking to expand in other Gulf markets as well, according to a senior official at the company, which will celebrate the 20th anniversary of its first shopping centre — Deira City Centre — this month.

Fuad Mansour Sharaf, Senior Director, Property Management at Shopping Malls for Majid Al Futtaim Properties, also said the company aims to double its current portfolio in the next five years, although he declined to give specific details.

Majid Al Futtaim Company, which celebrated last Thursday the completion of its expansion plans at the Muscat City Centre mall, is also planning to open another mall there, called the Mall of Oman, in the next few years."



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