Majid al-Futtaim Group LLC, the Dubai- based retail, property and investment company, plans to invest $3.5 billion in the next five years to develop four shopping malls in Egypt, Lebanon, Syria and the United Arab Emirates.

The malls are scheduled for completion in 2014, Majid al- Futtaim said in an e-mailed statement today. The company currently operates 10 malls across the Middle East and North Africa region, it said.

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