MUSCAT (Rahnuma): Sultan of Oman Qaboos bin Said al Said awarded on Tuesday the Royal Medal of Excellence to the famous Emirati businessman Majid Al-Futtaim.
According to the official press release published by the Oman News Agency (ONA), Khalid bin Hilal Al Busaidi, minister of the Diwan of Royal Court, handed Al-Futtaim the medal at his office in the presence of Ahmed bin Nasser Al-Mehrazi, Omani minister of tourism.
Futtaim is the largest investor in Oman with investments reaching billions of dollars. Majid Al Futtaim Group, known as the shopping retail giant in the Middle East and North Africa, announced this year that to increase its investments in Oman by 1.3 billion U.S. dollars by 2020.
The businessman’s investments are expected to create more than 42,000 direct and indirect jobs in Oman over the next five years.