Majid Al Futtaim Holding keeps an option to open a mall in Saudi Arabia

Majid Al Futtaim Holding keeps an option to open a mall in Saudi Arabia, which would be a wholly-owned venture. “In 99 per cent of instances, our strategy has been to keep control of the core business. We are clearly not looking for partners in Saudi Arabia. .. It’s something we have considered over multiple years, and we already have our other subsidiaries — through Retail (via the Carrefour chain among others) and Ventures — operational there for seven or eight years now and a Magic Planet set to open midyear,”  said Alain G. Bejjani, CEO.

Follow us on Twitter

Comment Box

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: