Trade Arabia reported (12 January 2009):
“The Government of Fujairah and the Majid Al Futtaim Group have announced the signing of a joint venture to build a City Centre mall and Retail Park in Fujairah.”
The only detail to be announced was that the complex was due to open in 2011.
The extensive report said nothing about the location, the cost, the number of shops, the type of businesses and the sustainability of shopping complexes in the midst of the financial downturn.
Dr Geoff Pound
Image: Dignitaries gathered at the announcement (photo courtesy of Trade Arabia at above link).