Sunday, August 6, 2017

Majid Al Futtaim to develop $117m City Centre Sohar

Majid Al Futtaim, a leading shopping mall, communities, retail and leisure pioneer, will grow its existing portfolio of pioneering malls in Oman with the new City Centre Sohar mall.

The mall, located in the Al Batinah North Governorate’s 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 and beverage and entertainment experiences to Sohar with this contemporary urban project,” said Ghaith Shocair, chief executive officer 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 8,400-sq-m 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, every day,” he said.

With an investment of OR45 million ($117.11 million), City Centre Sohar, conveniently located on Batinah Highway, will add 40,000 sq m 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.

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 OR27 million ($70.26 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 representing an investment of OR275 million ($715.66 million). - TradeArabia News Service
 



from Construction Realestate


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