Y Magazine

Majid Al Futtaim increases investment in Oman

UAE-based conglomerate Majid Al Futtaim will soon become one of the country’s top investors in shopping, retail and entertainment.

Its new projects – City Centre Sohar and Mall of Oman – will raise Al Futaim’s total investment in Oman to RO705 million from the RO410 million that it is currently at, said Gaith Shocair, CEO Shopping Malls, Majid Al Futtaim properties, at the launch of the new My City Center in Sur.