Dubai’s Majid Al Futtaim to invest $1.3bn in Oman

The Dubai-based retail developer Majid Al Futtaim has announced it will be investing 515 million rials ($1.33 billion) in Oman over the...

Property

Bahrain retail rents resilient amid economic slowdown – Cluttons

Bahrain’s retail sector remains resilient, with rents stable in all of Manama’s main markets in the first quarter, according to real estate...

Property

UAE’s Majid Al Futtaim reports 29% profit hike

The UAE-based retail conglomerate Majid Al Futtaim has reported a 29% increase in its annual net profit, which rose to AED3.3 billion...

Construction

Kuwait’s Al Kout waterfront project to open by Q4 2017

Kuwaiti developer Tamdeen Group has announced that its Al Kout waterfront project is on track to open in the fourth quarter of...

Construction

Majid Al Futtaim to invest $3.7bn in two Riyadh malls

Majid Al Futtaim plans to invest $3.73 billion in the construction and development of two shopping malls in Saudi Arabia’s capital, Riyadh.The Dubai-based...

Construction

Arabian Centres outlines Saudi mall expansion plans

The retail giant Arabian Centres has outlined plans for its previously announced development of 12 shopping malls in Saudi Arabia. Simon Wilcock,...

Construction

UAE’s LuLu to invest $150m in Lucknow, India

The UAE’s LuLu Group, well known for its chain of supermarkets across the region, has announced it will invest $150 million in...

Property

Dubai theme parks: Half of retail units leased in Riverland zone

Almost half the units in the retail zone of Dubai’s massive under-construction theme-park project have been leased, it has been announced.Dubai Parks...