Retail pioneer plans to boost its total investment in the sultanate to $1.82 billion by 2020
Majid Al Futtaim has said its property arm has broken ground on a new community mall in Sur, the capital of the north-eastern Omani province of Ash Sharqiyah.
Located in one of Oman’s growing coastal cities in the eastern region, the $39 million, ‘My City Centre Sur’ is set to become a key destination for both residents and the increasing number of tourists visiting nearby attractions, said a statement from the company.
Majid Al Futtaim Properties has appointed a joint venture of Oman Shapoorji Company (Osco) and Shapoorji Pallonji Mideast (SPML) as the project’s main contractor.
The community mall, which is likely to be completed by next year, will offer 16,500 sqm. of gross leasable area with a tailored mix of practical and lifestyle-oriented stores and services. It will boast a 6,800-sq-m Carrefour hypermarket as well as 50 select stores including food and beverage outlets.
When marking Majid Al Futtaim’s 15 years of investment and relationship-building in Oman last year, the retail pioneer had announced plans to boost its total investment in the sultanate to $ 1.82 billion by 2020.
This includes the development of Mall of Oman, City Centre Sohar, My City Centre Sur, the continued development at Al Mouj Muscat, and the expansion of its existing retail and entertainment businesses including Magic Planet, Carrefour and Vox Cinemas.