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Al-Othaim mulls to establish mall in Doha

Al-Othaim mulls to establish mall in Doha
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Written by: Rami Sameeh Fahd Al Othaim, chief executive of Abdullah Al-Othaim Leisure and Tourism Co., said in exclusive statement to Mubasher ,that the company seeks to penetrate the Qatari market in the near term.

The company is currently in the middle of negotiations to establish a mall in the Qatari capital, Doha, added Al Othaim.

The company's chief declined to indicate the amount of the project' value.

Elaborated, Al Othaim said that the company runs discussions with a Qatari real estate company to become its partner in the mull project. The project's contracts are expected to be signed within the next six months, he added.

Earlier this week, Al-Othaim Group said it has signed an agreement with Egypt-based Amer Group to establish an entertainment city in Porto Cairo Mall, New Cairo, with investments estimated at nearly EGP 60 million ($8.4 million).

Translated by: Shaimaa ELSarky