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MAF to invest $70 million in Muscat mall

MAF to invest $70 million in Muscat mall

UAE-based mall operator Majid Al Futtaim (MAF) has announced that it will invest OMR27 million ($70 million) in the second phase expansion of its flagship mall in Oman, City Centre Muscat.

The new round of investment will see the shopping mall introduce 60 additional shopping and dining options, in 10,000sqm of new retail space.

The redevelopment project will begin later this year and is expected to be completed in 2015.

The project will contribute to the local economy and “foster the growth of the Sultanate’s retail and entertainment landscapes,” said Dimitri Vazelakis, executive managing director for Shopping Malls at Majid Al Futtaim Properties.

It is also expected to create “thousands of jobs” in construction, retail and leisure sectors.

Vazelakis added: “City Centre Muscat’s expansion and redevelopment will set a new standard of shopping mall excellence with unique retail, modernised surroundings and exciting new leisure options.”

As part of the new redevelopment, the mall’s main ground floor will be expanded into the existing car park space to create a new retail corridor that will connect each end of the shopping mall.

Meanwhile, a new car park structure, currently under construction, will be able to accommodate 700 vehicles.

The new retail precinct will include 60 new stores featuring lifestyle-oriented brands, including some new flagship stores making their debut in Oman.

The mall will also have a new dining zone, with five new casual-dining restaurants featuring international cuisine.