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MAF Shopping Malls to spend $4bn on Mideast expansion
- Middle East: Wednesday, November 04 - 2009 at 12:17
Majid Al-Futtaim Group plans to spend about $4bn on as many as 10 new malls in the Middle East, Shahram Shamsaee, senior vice president of retail for MAF Shopping Malls, told Bloomberg. "It's about $4 billion," Shahram Shamsaee, senior vice president of retail for the group's MAF Shopping Malls, told Bloomberg. MAF Shopping Malls plans to enter Syria by building two new centers in Damascus, as well as one in Beirut, Lebanon. The company will also announce a new project in Saudi Arabia, Shamsaee said, declining to provide further details to the news service.
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StaffWednesday, November 04 - 2009 at 12:17 UAE local time (GMT+4)
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