Majid Al Futtaim officially inaugurates Mall of Oman 

Following a soft launch in September 2021, Majid Al Futtaim has officially inaugurated the Mall of Oman.

Mall of Oman is home to Snow Oman – the largest snow park in the region, Oman’s largest VOX Cinemas — complete with 15 screens, 260 international and local retail outlets, and more than 45 dining options, with plans to introduce 15 more dining experiences this year.

The Mall of Oman is considered the biggest mall globally to have achieved LEED Platinum under the ‘New Building Core and Shell’ segment for its success in saving 28.59 per cent of energy and 49 per cent of water, and introducing low-emission-vehicle parking spaces.

 

 Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding, commented: “Our story in Oman dates back more than two decades.  The inauguration of the Mall of Oman is the latest milestone in our unrelenting and unwavering commitment to the sultanate. The guiding ethos that has underpinned our steady and resolute expansion .from day one, has been an unrelenting commitment to contribute to the country’s economic growth and the prosperity of its people.”

“We remain honoured and privileged in being able to meaningfully contribute to Oman’s Vision 2040 and do our part in furthering the sultanate’s drive towards a diversified and sustainable national economy.”

Read: MAF To Develop $467m Mall of Oman Project

In other news, Ismail was appointed as chief executive officer of Majid Al Futtaim Holding in January. He assumed the position from Alain Bejjani, who served in the role for eight years.

Read: Majid Al Futtaim Holding appoints new chief executive officer

Investment in Oman

 Majid Al Futtaim has invested OMR705m in Oman through a diverse portfolio that ranges from physical assets such as shopping malls and mixed-use communities, to leisure and entertainment experiences, lifestyle stores and Carrefour hypermarkets and supermarkets.

These activities have generated an estimated 42,000 direct and indirect job opportunities over the last seven years.

New partnership

In other news, Majid Al Futtaim has announced a strategic partnership with Poltrona Frau, the century-old luxury Italian furniture brand. As part of the agreement, the company has acquired the rights to Poltrona Frau products in the UAE.

Founded in 1912 in Turin, Italy, the company is known for its 21-step tanning process to create enduring leather items.

Read: Majid Al Futtaim, Italian luxury brand Poltrona Frau announce strategic partnership

With this strategic development, the reputed Italian brand will see a new chapter of growth. The Italian brand currently has 15 flagship stores, 165 single-brand stores and around 280 multi-brand stores across five continents.

The company saw a 20 per cent growth in revenue in 2022, compared to 2021, due to a strong increase within the brand’s residential unit and a strong recovery of public projects.