The Emirati group, "Majid Al Futtaim Holding", has started construction work in the Mall of Saudi Arabia, with investments of 16 billion riyals.

The CEO of Majid Al Futtaim Holding Group, Alain Bejjani, said that the company will start construction work in the Mall of Saudi Arabia, which is the largest in the Middle East, with investments amounting to 16 billion riyals.

Bejjani added in televised statements, on the sidelines of the Investment Initiative Forum in the Saudi capital, Riyadh: "We are on the verge of a new investment, which is (Mall of Saudi Arabia) with an investment value of 16 billion riyals to be implemented over the next 4 years."

He continued, "It is one of the largest private sector investments inside Saudi Arabia, in this field (the malls and major shopping centers)."

He explained that the mall will be opened by the end of 2025, and the number of workers during the construction will reach 100,000 people, and it will provide 24,000 jobs after its opening.

According to the group's CEO, Majid Al Futtaim has been operating in Saudi Arabia for 20 years, with investments in the Kingdom of 4.6 billion riyals, and 3,400 employees, and it is looking forward to increasing the number of Carrefour stores to 100 branches in the Kingdom.