06-05-2025
LuLu International Holdings, TGDI pact for Mall of Muscat
Muscat - Tamani Global has entered into a strategic collaboration with LuLu International Holdings Limited to support the operational development and asset performance of Mall of Muscat on April 27.
This partnership reflects Tamani Global's commitment to strengthening Mall of Muscat's market position through enhanced operational practices and strategic advisory leveraging LuLu Holdings' extensive regional experience in retail and shopping mall environments, the press statement.
Spanning over 1 million square feet of gross leasable area and home to more than 170 retail outlets—including the Oman Aquarium, the first of its kind in the Sultanate—Mall of Muscat is a premier destination for both residents and tourists.
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Abdulaziz Salim al Mahruqi, Board Member of Tamani Global, stated: "Our collaboration with LuLu Holdings is a strategic move to benefit from their insights and experience in optimizing retail destinations. Their strategic role will be instrumental in supporting our long-term vision to ensure sustainable value at Mall of Muscat."
Mr. Ananth A.V., Director at LuLu International Holdings, added,
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Our goal is to provide operational input and strategic guidance that will enhance the mall's performance and deliver long-term value for all stakeholders."
Tamani Global Development & Investment LLC (TGDI) is an Omani real estate developer associated with the Mall of Muscat, which is situated in Mabela. The 200,000-square-meter mall offers 3,000 parking spaces and features a dynamic mix of retail, entertainment, and lifestyle experiences. Anchor tenants such as Lulu Hypermarket, Homes R Us, Centrepoint, and Novo Cinemas, along with attractions like the Oman Aquarium, Fabyland, and Xtreme Zone, position the mall as a family-friendly hub for residents and tourists alike. TGDI's investment in the project underscores its commitment to enriching community life and supporting Oman's tourism and commercial growth.
Headquartered in Abu Dhabi, Lulu International Holdings Limited oversees a dynamic portfolio of shopping malls across the GCC and Asia. T
