{"id":1004080505,"date":"2013-07-19T06:17:14","date_gmt":"2013-07-19T14:17:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004080505"},"modified":"2022-12-09T00:09:30","modified_gmt":"2022-12-09T08:09:30","slug":"tilal-to-expand-muscat-grand-mall-in-oman-for-130m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tilal-to-expand-muscat-grand-mall-in-oman-for-130m\/","title":{"rendered":"Tilal to Expand Muscat Grand Mall in Oman for $130M"},"content":{"rendered":"<p><i>By Gabriel Circiog, Associate Editor<\/i><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Muscat-Grand-Mall.jpeg\"><img decoding=\"async\" data-attachment-id=\"1004080509\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tilal-to-expand-muscat-grand-mall-in-oman-for-130m\/muscat-grand-mall\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Muscat-Grand-Mall.jpeg\" data-orig-size=\"800,433\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Muscat Grand Mall\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Muscat-Grand-Mall.jpeg?w=800\" loading=\"lazy\" class=\"alignleft size-medium wp-image-1004080509\" alt=\"Muscat Grand Mall\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Muscat-Grand-Mall.jpeg\" width=\"300\" height=\"162\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Muscat-Grand-Mall.jpeg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Muscat-Grand-Mall.jpeg?resize=300,162 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Muscat-Grand-Mall.jpeg?resize=768,416 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Tilal Development Co., the Sultanate\u2019s leading real estate company, recently announced plans for a massive expansion of Muscat Grand Mall.\u00a0 The expansion of the country\u2019s most recently built mall, \u00a0which has become Muscat\u2019s most popular retail destination, will be financed entirely through an investment of more than OMR 50 million ($130 million).<\/p>\n<p>Just a year from its completion, Muscat Grand Mall is set for an expansion that will see the mall house 100 new retail outlets in 322,917 square feet of additional retail space, taking the total number of stores to 250. The new growth plans also include doubling the parking space area and expanding the entertainment options in order to create a world-class shopping and entertainment destination in the Sultanate.<\/p>\n<p>The expansion plans were unveiled at a press conference led by Engineer Abdul Rahman Barham, board member of the Tilal Development Co., Harith Al-Brashdi, chief operating officer, Al Madina Real Estate Company and Hassan Jaboub, general manager of Muscat Grand Mall.<\/p>\n<p>\u201cWithin less than a year of the start of operations at MGM, we are proud to announce a significant growth in the business. Being the first lifestyle destination of its kind in Oman, we are delighted to report that the number of daily visitors averages between 17-20,000 and growing,\u201d said Hassan Jaboub, general manager of Muscat Grand Mall. \u201cWe are working on the foundations of this success and applying our knowledge in the second development, which focuses on customer experience.\u201d<\/p>\n<p>Muscat Grand Mall is part of the Tilal Complex, the first mixed-use development in the Sultanate of Oman and features more than 125 retail outlets, 322,917 square feet of commercial offices and a residential complex comprised of 250 freehold apartments and 115 four star hotel apartments. The number of tourists is expected to increase significantly once the new Muscat International Airport terminal is completed and projects such as the five-star hotel Shaza Hotel Muscat and the residential complex by the Tilal Development Co. will be ready to offer a premier lifestyle destination for tourists and residents.<\/p>\n<p>\u201cAs part of the Tilal Complex, the Muscat Grand Mall &#8211; the first phase of the project has been successfully completed with over 90 percent of the retail and residential spaces already sold,\u201d said engineer Abdul Rahman Barham, board member of Tilal Development Co. \u00a0\u201cIn addition, the expansion will create increased employment opportunities for Omanis and will also be a mechanism through which we can support small and medium enterprises. At present, the retail outlets boast 25 percent occupancy from SMEs and it is our endeavor to take this initiative further. We recognize that such developments also support the city&#8217;s growth outlook and further reinforce its core economic sectors, including retail, tourism and hospitality.\u201d<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tilal Development Co., the Sultanate\u2019s leading real estate company, recently announced plans for a massive expansion of Muscat Grand Mall.  <\/p>\n","protected":false},"author":264,"featured_media":1004080509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21751,16,21783,21742],"tags":[],"class_list":["post-1004080505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-hotel","category-international","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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