Majid Al Futtaim adds City Centre Sohar to its Oman portfolio


August 6, 2017 | By RetailME Bureau

Majid Al Futtaim is expanding its existing portfolio of shopping malls in Oman with City Centre Sohar. The mall, located in the northern governorate’s historic capital Sohar, is due to open in late 2018.

“As part of Majid Al Futtaim’s growth strategy, we aim to be at the forefront of Oman’s rapid development in the retail industry and bring the best shopping, food & beverage and entertainment experiences to Sohar with this contemporary urban project,” says Ghaith Shocair, CEO – shopping malls, Majid Al Futtaim Properties.

“By introducing our renowned City Centre brand to Sohar, we will be enhancing the city’s retail landscape with more than 130 diverse stores, a 90,417 sqft Carrefour Hypermarket, a nine-screen VOX Cinemas, in addition to an array of dining and entertainment options. Majid Al Futtaim’s investment in the city of Sohar underscores our commitment to creating great moments for everyone, everyday,” he adds.

With an investment of OMR45 million (AED429.17 million), City Centre Sohar, conveniently located on Batinah Highway, will add 430,556 sqft of gross leasable area to the Sultanate’s booming retail sector. Sohar, a port city and major industrial hub, has seen substantial economic growth in recent years, which Majid Al Futtaim is keen to contribute to.

The construction contract for City Centre Sohar has been awarded to the Oman-based company Al Turki Enterprise and the work will commence in November 2017.

City Centre Sohar has set a target to achieve LEED Gold status – the coveted energy-efficient design certification – within three months of opening. This will include implementing sustainable building best practice with enhanced insulation, LED lighting and solar panels that will contribute to the centre’s energy requirements. Furthermore, condensation from air-conditioning and ventilation systems will be used for irrigation.

In addition to City Centre Sohar, Majid Al Futtaim Properties owns and operates the newly upgraded City Centre Qurum as well as City Centre Muscat, which recently underwent an OMR27 million (AED257.50 million) expansion. Community-centred mall My City Centre Sur is also in the pipeline, as is Mall of Oman, set to be the Sultanate’s biggest shopping centre and representing an investment of OMR275 million (AED2,622.73 million).

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Sunil Kumar and Ali Saeed Juma Albwardy, Spinneys

One of UAE’s leading fresh food retailers, Spinneys has announced its intention 

Continue Reading

April 19, 2024 | By RetailME Bureau
Laura Manning, Managing Director & Founder, BRW Society

Launched in 2019 by Laura Manning, UAE-based homegrown brand BRW Society completes 

Continue Reading

April 5, 2024 | By Rupkatha B
Rajiv Warrier, Chief Executive Officer, Choithrams

Since the launch of its first store in the UAE five decades 

Continue Reading

March 20, 2024 | By RetailME Bureau
Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC

Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC holds 

Continue Reading

February 29, 2024 | By Rupkatha B
Hani Weiss, Chief Executive Officer, Majid Al Futtaim Retail

In 1995 regional retail conglomerate Majid Al Futtaim introduced Carrefour to the 

Continue Reading

February 26, 2024 | By RetailME Bureau
Prashant Parameswaran, Managing Director and Chief Executive Officer of Tata Consumer Soulfull

Tata Soulfull, a leading name in the ‘good-for-you’ snacks and breakfast cereals 

Continue Reading

February 22, 2024 | By Rupkatha B
Jean-Luc Graziato, Chief Commercial Officer of Majid Al Futtaim – Retail and Alia Al Harmoodi, Acting CEO of the Environment, Health and Safety Agency

Majid Al Futtaim – Retail, which holds the exclusive franchise to operate 

Continue Reading

February 20, 2024 | By RetailME Bureau
Krishna Dhanak, Managing Director, Alpen Capital

In an exclusive interview Krishna Dhanak, Managing Director, Alpen Capital shared insights 

Continue Reading

February 19, 2024 | By Rupkatha B
Majed M. Al-Tahan, Co-founder & Managing Director, Danube Online

As digital transformation across the retail industry continues to accelerate, the expectations 

Continue Reading

December 19, 2023 | By RetailME Bureau
Frederic Levy-Perrault, CEO, Al Raya Supermarket

Saudi Arabia-based grocery retail chain Al Raya Supermarket serves over 100,000 customers 

Continue Reading

December 15, 2023 | By RetailME Bureau
Ahmad AR. BinDawood, Chief Executive Officer, BinDawood Holding

BinDawood Holding has a rich Saudi heritage, spanning over 50 years, 38 

Continue Reading

December 13, 2023 | By RetailME Bureau
Majid Al Futtaim Retail commits to Collaborative Impact Goals at COP28

Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour 

Continue Reading

December 8, 2023 | By Rupkatha B




Download Images RetailME Magazine