Majid Al Futtaim to invest $3.5 billion in new shopping malls
Middle East developer to build new malls in Egypt, Lebanon, Syria and the UAE, all for completion by 2014.
May 2, 2010 5:07 by Ben Flanagan
Dubai’s Majid Al Futtaim Properties has announced plans to develop four new shopping malls in the UAE, Egypt, Syria and Lebanon.
The four new shopping malls represent a total investment by Majid Al Futtaim Properties of $3.5 billion over the next 5 years, the company said in a statement issued today.
The company currently operates 10 malls across the Middle East and North Africa region, it said. The new malls are scheduled for completion in 2014.