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Majid Al Futtaim Boosts Omani Business

Majid Al Futtaim Holding is set to increase its investment in Oman by OMR515 million (USD1.3 billion) by 2020. The company's expansion strategy includes Mall of Oman, City Centre Sohar and My City Centre Sur, collectively estimated at

OMR335 million (USD870 million), as well as retail, leisure and entertainment businesses, such as Magic Planet, Carrefour and VOX Cinemas at a cost of OMR180 million (USD467 million).

"We have always been pioneering in the Omani market.

We are proud to renew our commitment to be the leading GCC investor in the Sultanate," commented Alain Bejjani, CEO, Majid Al Futtaim Holding.