Majid Al Futtaim to increase UAE investment by Dh30b
Retail and hospitality conglomerate will develop 10 new shopping malls under the City Centre brand
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Dubai: Majid Al Futtaim, a Dubai-based retail and hospitality conglomerate, will boost its total investment in the UAE by Dh30 billion by 2026, it said on Wednesday .
The additional Dh30 billion takes its total investment in the country to Dh48 billion.
The investments will include both new projects and the expansion of existing assets, the company said in a statement.
It will develop 10 new shopping malls under the City Centre brand, which will include a regional mall in Dubai, a super regional mall in Sharjah and a community mall in Abu Dhabi's Masdar City.
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