Mall of Oman to open in 2021
Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, on Wednesday said that the work on its Mall of Oman project in the sultanate is progressing well.
Speaking to Muscat Daily, Alain Bejjani, chief executive officer of Majid Al Futtaim Holding said that nearly 50 per cent of the development of Mall of Oman project has been completed and they are planning to open it in early 2021. “The construction work on Mall of Oman, the biggest lifestyle project in the sultanate, is progressing well. We are looking to commission the project by early 2021,” he said.
Refuting market speculations of a significant hiccup in the construction of the Mall of Oman project, Bejjani said, “We are continuing our work at Mall of Oman. Every project experiences these kind of normal delays.
City Centre Suhar was delayed for four-to-five months due to construction related issues. These things happen in every big project, however nothing with the construction of the mall is unusual. We are focused on delivering the right asset to the market at the right time and with an offering that is synonymous with Majid Al Futtaim.”
Earlier this month, the UAE-based developer announced the opening of its fourth shopping and leisure destination City Centre Suhar, constructed with an investment of around RO45mn.
Mall of Oman is considered to be the biggest project of its kind in the sultanate, having 350 outlets across 137,000sqm of gross leasable area, with an 8,000sqm play area and a Little Explorers edutainment centre. The mall will also include Oman’s largest VOX Cinemas and Magic Planet family entertainment centre, as well as a 12,200sqm Carrefour hypermarket.
On group’s investments in Oman, Bejjani said a few years ago Majid Al Futtaim had announced all its projects, including Mall of Oman, a hotel to come up adjacent to it, City Centre Suhar and City Centre Sur, will entitle total investment of around RO750mn. There is no change in investment figures, he added.