• Mall of Egypt and Egyptian Clothing Bank have partnered on a booth to facilitate donations for less privileged families
  • “LOKAL” is expected to host more than 35 brands from 12th July to 12th September 2023  

Cairo: Majid Al Futtaim, the leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, announced the launch of “LOKAL” at Mall of Egypt; a pop up shop in collaboration with MAZ. From 12th July until 12th September, LOKAL will support the growth of more than 35 homegrown brands by providing a vital platform for their businesses to flourish.

LOKAL also aims to ease the challenges faced by small businesses and young entrepreneurs by providing access to physical retail spaces and networking opportunities, and additional avenues for connecting with their target audiences.

The summer pop up fortifies Majid Al Futtaim’s vision to be at the forefront of enabling local businesses and entrepreneurs to thrive, while stimulating local spending, and contributing to regional economic growth.

Mall of Egypt is also extending their support to the local community by offering Egyptian Clothing Bank a booth during the two months pop up, enabling them to accept monetary and clothing donations for families in need across Egypt.

By nurturing local brands and businesses, Mall of Egypt continues to contribute to a vibrant entrepreneurial ecosystem, attracting visitors and fostering economic development within the community.

-Ends- 

Media Contact:
Zeina Hassan
Media Relations Executive
zeina.hassan@theprospr.com  

Disclaimer:

All facts and figures in this release are accurate at the time of issuance.

About Majid Al Futtaim

Founded in 1992, Majid Al Futtaim is a diversified lifestyle conglomerate spanning 16 countries across the Middle East, Africa and Asia. The company employs 46,000 people representing 114 nationalities and welcomes 600 million customers to its shopping malls, communities, retail and entertainment destinations each year.

With owned assets valued at US$18 billion, Majid Al Futtaim has the highest credit rating (BBB) among privately-held corporates in the region. The company is committed to becoming Net Positive in water and carbon by 2040.

About Majid Al Futtaim Asset Management 

Majid Al Futtaim owns and operates 29 shopping malls in the UAE, Egypt, Bahrain, Lebanon and Oman.  The portfolio includes Mall of the Emirates, Mall of Egypt, Mall of Oman, City Centre malls, My City Centre neighbourhood centres, and five joint venture community malls with the Government of Sharjah. They also operate omnichannel services including online Shoppable Mall, Digital Concierge, an AI empowered Store of the Future and the region’s first Mall of the Metaverse. All of this is powered by the UAE’s fastest growing loyalty program SHARE which offers customers a more personalised and data driven experience in the malls along with privileges like VIP Lounge access and Smart parking.

Majid Al Futtaim develops hotels that are connected, or adjacent to, shopping malls offering value, convenience and experience to guests from overseas, the region and the surrounding business community. Majid Al Futtaim owns 11 hotels in the UAE and 2 in Bahrain, all operated by international hotel brands such as Sheraton, Novotel, Ibis, Aloft, Hilton Garden Inn, Kempinski Hotel, Pullman, Le Meridien and The Westin.  In 2022, Majid Al Futtaim became the first and only conglomerate in the world to be awarded the prestigious LEED Platinum certification for its portfolio of hotels.