Muscat Grand Mall to see $129.9m expansion project
Tilal Development Co announces second-phase plans for retail outlet
A $129.9m (OMR 50m) expansion of the Muscat Grand Mall (MGM) has been announced by developer Tilal Development Co.
The second-phase plans for the Tilal Complex, which includes MGM, will see the doubling of retail capacity, parking space and entertainment options, with work set to be complete before the last quarter of 2015.
With 100 new retail outlets being added to the mall, the total number of stores will reach 250, while growth plans also include a twofold increase in parking facilities and expansion of the cinema.
Speaking at a press conference, Eng Abdul Rahman Barham, board member of Tilal Development and CEO of Al Madina Real Estate, told Muscat Daily: “Of the $129.9m (OMR 50m) investment, a major portion will be utilised towards raising the profile of the mall as well as creating a world-class shopping and entertainment destination for the people of Oman.”
“In addition, the expansion will create increased employment opportunities for Omanis and will also be a mechanism through which we can support small and medium enterprises (SMEs). At present, SMEs occupy 25 per cent of the retail outlets and it is our endeavour to take this initiative further. We recognise that such developments will support the city’s growth outlook by reinforcing its core economic sectors, including retail, tourism and hospitality,” added Barham.