Last Monday, Majid Al Futtaim announced its plans of building two shopping malls worth $3.7 billion in the oil kingdom. In the face prolonged state of oil price slump, these plans are expected to not only generate employment but boost the sluggish economy as well. The two projects will enter their first phase of construction this year with completion dates ranging between 2017 and 2018.
Majid al Futtaim
Breaking News
The deal pegged to be at USD500 million is now worth USD1 billion.
Al-Futtain formalizes its agreement with the Oman Tourism Development Company and the Omani National Investment Funds Company for the new mall in Muscat.
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