Mall represents $40 million investment, creating more than 4,000 jobs in Oman, says Majid Al Futtaim.
Majid Al Futtaim says that it has opened its first community mall in the Sultanate of Oman. The My City Centre Sur mall represents a $40 million investment for the UAE retail operator and developer. More than 4,000 direct and indirect job opportunities are expected to be created in the surrounding area following its opening, it added in a statement.
“Majid Al Futtaim is committed to delivering an unrivalled retail experience to emerging communities in Oman, and the opening of My City Centre Sur achieves a major milestone in our investment strategy for the Sultanate,” said Ghaith Shocair, CEO – Shopping Malls, Majid Al Futtaim – Properties. “As a company focused on the needs of the communities we serve, My City Centre Sur enables Majid Al Futtaim to increase the convenience and choice in retail, dining and entertainment for Oman’s residents and tourists. In addition, we are fostering economic growth and diversification, enhancing job creation, and delivering on our vision to create great moments for everyone, everyday.”
Located on Sur’s main commercial road, My City Centre Sur has than 50 retail outlets across 16,500 sqm and 484 parking spaces.
My City Centre Sur will serve as a fully integrated retail, dining, and leisure destination that is a new community hub for people to meet and connect, said Majid Al Futtaim. Sustainability was a key factor in the mall’s development, with an environmentally-friendly design and innovative architectural details that underscore Majid Al Futtaim’s goal of becoming ‘Net Positive in Carbon and Water by 2040’, it added.
My City Centre Sur is part of Majid Al Futtaim’s strategy to increase its total investment in Oman to $1.8 billion by 2020, which includes forthcoming destinations City Centre Sohar and Mall of Oman. Majid Al Futtaim’s investment in Oman’s retail, leisure and entertainment infrastructure supports the country’s National Strategy for Tourism 2040, which targets a 6% rise in the contribution of the tourism sector to GDP, and a near doubling of visitor numbers to 5 million annually, the statement concluded.