MAF reveals $467m development in Oman
Project will be country's largest shopping and entertainment complex
Dubai retail group Majid Al Futtaim (MAF) has announced plans to invest 180m Omani rials ($467m) to build a shopping mall in Oman.
Built on 157,000m2 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.
The 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.