Contractors submit bids for Mall of Oman

27 September 2016

Majid al-Futtaim retail centre will be built on the outskirts of Muscat

The UAE’s Majid al-Futtaim (MAF) has received bids from at least five groups for the estimated $715m contract to build its Mall of Oman development on the outskirts of Muscat.

The bidders include:

  • Consolidated Contractors Company (Lebanon)/Shapoorji Pallonji (India)
  • Habtoor Leighton Group (UAE)/Galfar Engineering (local)
  • Larsen & Toubro (India)
  • Six Construction (Belgium)/Al-Turki (local)
  • TAV (Turkey)

Located in the Bausher area, the scheme involves building a mall with 137,000 square metres of retail space for 350 outlets, a snow park, cinema, amusement area, a supermarket, and a 292-room hotel.

The project is the largest component of MAF’s $1.3bn of planned investment in the sultanate.

As well as Mall of Oman, MAF is set to develop City Centre Sohar and My City Centre Sur, valued at $116.9m and $39m respectively.

In the UAE, MAF is close to awarding the contract to build its planned Al-Zahia Mall in Sharjah.

MAF received bids from contractors in July for the 30-month deal that involves building a three-level mall, known as Al-Zahia City Centre, on a 183,505-square-metre plot, with space for 400 shops.

Majid al-Futtaim reports first-half revenue growth

Mall of the Emirates

Mall of the Emirates

Mall developer Majid al-Futtaim plans to expand across the region with projects similar to its Mall of the Emirates in Dubai

Majid al-Futtaim Group, the Dubai-headquartered conglomerate with a portfolio including shopping malls, retail and hospitality ventures, has recorded an11 per cent increase in its first-quarter group revenues.

The company, which continues to expand in the Middle East and Africa, and Central Asian regions, said revenues reached AED15.2bn ($4.1bn) for six-month period ending 30 June, which compares with AED13.7bn reported for the corresponding period in 2015. Read More

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