Bank Sohar, Al Jarwani Ink Pact

Muscat: Al Jarwani Group, which is developing Sohar Mega Mall and associated facilities, yesterday signed an agreement with Bank Sohar for availing OMR8.5 million term loan for building the project.

The loan agreement was signed by Bank Sohar chief executive officer Dr Mohamed bin Abdulaziz Kalmoor and Al Jarwani Group chairman Mahmoud Mohammed Ali Al Jarwani here yesterday.

Al Jarwani group is developing the mall, with a capital expenditure of OMR15-16 million, to provide a truly international retail, entertainment and leisure experience for the customers in Sohar.

The project is going to be built on a plot of land measuring approximately 55,500 square metres, with a total built up area of 50,000 square metres. The Sohar Mega Mall will be ready by 2015.

The mall will have a hypermarket, anchor stores, 63 line retail stores, nine to ten speciality restaurants and cafes, eight to nine food and beverages counters in food court, a family entertainment centre, five screen cinemas, parking facility for 500 cars and a three star hotel with 116 keys.

Times of Oman