MAF Properties Says To Boost Investments In Lebanon, Egypt

Majid Al-Futtaim (MAF) Properties – a leading developer, owner and operator of shopping malls and complementary mixed-use projects in the MENA region – will be having a number of additional exciting developments in Lebanon and Egypt as the firm seeks to continue to scout for opportunities in other regional cities, the CEO said on Tuesday.

MAF Properties further announced Tuesday that its new flagship mall in Beirut has welcomed more than 400,000 visitors in its first two weeks of operation.

Peter Walichnowski, CEO of Majid Al-Futtaim Properties, said: “Beirut City Centre demonstrates MAF’s commitment to investing in the long-term future of Lebanon. It also illustrates the success of our solid expansion plans across the MENA region through which we aim to double our shopping mall portfolio by 2020. We have a number of additional exciting developments in Lebanon and Egypt, and we continue to scout for opportunities in other regional cities.”

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