Majid al Futtaim Group to expand Oman malls
Company to spend $30m on Muscat and Qurum city centre mall upgrades
Majid Al Futtaim (MAF) Group, the Dubai-based conglomerate which last week announced plans to extend its flagship Mall of the Emirates store, is to spend almost $30m (OR: 11.3m) on upgrades to two of its shopping centres in Oman.
The company is redeveloping its Muscat City Centre and Qurum City Centre malls. Work has already begun on the projects and is set to complete in the first quarter of next year.
The work will extend the size of Muscat City Centre mall to 65,000m2, while an extra 5,000m2 will be added to the existing 20,600m2 centre at Qurum.
The work at Muscat will include a 10-screen digital VOX cinema and an expansion of the Magic Planet family entertainment centre. The mall's foodcourt will also be redevelopmed. Meanwhile, the Qurum City Centre mall will also have a new family entertainment centre and a seven-screen Vox Cinema.
Fuad S. Mansoor Sharaf, a senior director of property management at the company's property arm, told the Times of Oman that the company will also look at other potentiial openings in the Sultanante.
"Oman is a promising market for many business opportunities and we would certainly study all options," he said.
"The Majid Al Futtaim group has carved a niche as developers of shopping malls and is known as a group which keeps evolving, improving and changing with the times for the benefit of retailers and society as a whole."
The expansion of Mall of the Emirates announced last Saturday was part of an $800m investment plan in Dubai assets that also included a redevelopment of the Kempinski hotel attached to the mall, two new luxury hotels and an upgrade to the Deira City Centre mall and adjoining Pullman hotel.