Maadi City Centre & Alexandria City Centre Malls Celebrate 10 Years in Egypt

Egypt, 14 January 2013

This month marks the beginning of the 10 year anniversary of Maadi City Centre and Alexandria City Centre shopping malls in Egypt. Both properties, owned, developed and managed by Majid Al Futtaim Properties, have been leading the retail sector in Egypt since 2002. The month-long celebration will be marked by competitions and prizes for shoppers.

Located in Egypt's most vibrant governorates - Cairo and Alexandria - Maadi and Alexandria City Centre's offer a wide variety of dining, shopping and entertainment outlets under one roof. With over 240 local and international retailers across both malls, visitors have a wide selection of brands available to accommodate their needs. The diversity and quality of retailers has been tailored to match the unique requirements of Egyptian consumer marked by a steady and consistent increase in sales throughout the first 10 years of operation. Sales increase amounted to 44% in the first half on 2012 alone.

"We are delighted to be celebrating our tenth year anniversary of successful operation in the Egyptian market. The Egyptian market is quite diverse with an increasingly discerning customer and we pride ourselves on being able to provide our visitors with a variety of unique brands, fun activities and quality dining options under one roof," said Abdulla El Nockrashy, Majid Al Futtaim Properties Country Manager for Egypt. "Our vision at Majid Al Futtaim Properties is to always provide visitors with a memorable experience each time they visit our malls, an experience that satisfies all family members. We have achieved numerous milestones over the last ten years in Egypt and we are committed to ensuring that the next ten years continues to provide our customers with the best shopping and entertainment experience possible."

In celebration of the 10 year anniversary, both malls have planned massive promotional campaigns in collaboration with retailers to offer visitors a chance to win cash prizes every week. Over the month of January, more than 80 lucky shoppers will win a total of EGP 100,000 cash prizes. For a chance to win, customers at Maadi City Centre and Alexandria City Centre simply have to spend a minimum of EGP 500 and EGP 400, respectively, in one day at the mall. Shoppers then take their receipts to the information desk to receive a coupon, complete the form and enter the raffle draw.

Majid Al Futtaim Properties opened its first mall, Maadi City Centre in Egypt in 2002. The mall offers 30,321 square metres of GLA and has 83 retailers. The company then opened Alexandria City Centre in 2003, which accommodates 161 retailers in over 61,774 square metres of GLA. Combined, the malls provide 3,500 job opportunities across the country with both malls hosting more than 25 million visitors each year.

-Ends-

About Majid Al Futtaim Properties
Majid Al Futtaim Properties is the leader in the ownership, development and management of ‎shopping malls and complimentary mixed use projects in the Middle East and North Africa (MENA). Majid Al Futtaim Properties has changed the face of shopping, leisure and entertainment across the region with eleven world-class malls operating in the UAE, Bahrain, Oman and Egypt and two currently under development in Cairo, Egypt and Beirut, Lebanon. In April 2012, Majid Al Futtaim Properties opened its sixth strategic mall in the UAE with Fujairah City Centre. The Company's shopping malls continue to witness a steady increase in footfall with more than 140 million visitors in 2011. Majid Al Futtaim Properties has earned numerous accolades and awards from international organisations that have recognised its leadership and the quality of its properties.

Majid Al Futtaim Properties has four flagship shopping malls; three in Dubai and one in Bahrain. In Dubai, Deira City Centre boasts over 370 stores, leisure and entertainment facilities and over 50 restaurants and cafes; Mall of the Emirates houses over 560 international retail brands, including 80 luxury stores and the world-renowned Ski Dubai; and Mirdif City Centre offers visitors a mix of retail, leisure and entertainment options including 465 stores and iFLY Dubai, an indoor skydiving centre. Bahrain City Centre is the largest shopping, leisure and entertainment complex in Bahrain with 340 international brands including 60 dining options, and features Wahooo!, the region's first region's first indoor- outdoor waterpark.

Majid Al Futtaim Properties also owns nine hotels in the UAE and two in Bahrain, all of which are linked to the company's shopping malls. The hotels' strategic proximity to the company's shopping malls promotes direct access to a wider international demographic. They include over 2900 rooms and suites, and attract more than 1.2 million guests annually.

The Company is currently developing three master-planned communities. The Wave, Muscat, a joint venture with the Government of Oman; will combine more than 4,000 beautiful properties, Almouj Golf, Almouj Marina, four premier hotels and new retail, leisure and dining opportunities at a seafront address in the new heart of Muscat. The 250,000 sq.m Waterfront City development in Beirut, Lebanon, a joint venture with Société Joseph Khoury & Fils Holding SAL, will feature over 1500 residential homes, an office district, shopping mall, 2 international hotels, as well as multiple parks and a marina front promenade. Finally, Al Zahia, developed by Sharjah Holding, a joint venture between the Government of Sharjah and Majid Al Futtaim Properties, will be a fully integrated community featuring a range of villas, apartments and commercial units.

For media inquiries, please contact:
TRACCS PR
Abeer Elareeny
email: abeer.elareeny@traccs.net;

Mariam El Sayed
email: mariam.elsayed@traccs.net;
Tel: 02 3304 6860