Timing of opening to coincide with launch of fully integrated leisure and entertainment experiences at Egypt's first super-regional shopping mall
Cairo - Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, is moving ahead with the final phases of Mall of Egypt in preparation for the opening of the super-regional mall in March, 2nd, 2017. Mall of Egypt represents an investment of EGP 6 billion and will deliver on the company's pledge to provide great moments for everyone every day in Egypt. The opening of the mall will see the launch of Ski Egypt, Africa's first ski slope and the country's first VOX Cinemas Cineplex, while providing an entry point for some of the world's leading international brands to enter the country for the first time.
Located in 6th of October City, on Al Wahat Road, the two-level mall will feature over 350 lifestyle, entertainment, and convenience-oriented outlets and 50 food and beverage outlets, offering a unique range of experiences that have become the hallmark of Majid Al Futtaim's presence across the region. The mall spans a gross leasable area (GLA) of 165,000 square metres and will provide customers with 6,500 parking spaces.
Majid Al Futtaim currently owns and operates 20 shopping malls across the Middle East and North Africa; each of them is strategically developed to meet the specific needs and requirements of its market. Designed, merchandised, and built to the highest international standards, the science of each mall's retail mix planning is expertly configured to ensure both comfort and convenience, and continually revitalised to stay current. The Majid Al Futtaim shopping mall portfolio has become world renowned for innovation within the shopping centre, retail, design and construction industries.
Disclaimer: All facts and figures in this release are accurate at the time of issuance.
About Mall of Egypt
Mall of Egypt is the first shopping destination of its kind in Egypt. The under-construction mall is owned by Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa. Mall of Egypt is located on Wahat Road in 6th of October City. With a gross leasable area (GLA) of 165,000 square metres, Mall of Egypt will house the best local and international retailers including an unmatched high-end fashion offering of the world's most prestigious brands. Mall of Egypt will feature the finest dining outlets. Moreover, the mall will house major department stores as well as other fashion, lifestyle, sports, electronics, home furnishing outlets. With direct access to Wahat Road, the mall includes 6,500 car parking spaces. Mall of Egypt's family leisure offerings include Ski Egypt - Africa's first indoor skiing slope, a 21 multi-screen VOX Cinemas and a Magic Planet family entertainment centre.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (MENA). A remarkable business success story, Majid Al Futtaim started from one man's vision to transform the face of shopping, entertainment and leisure to 'create great moments for everyone, every day'. It has since grown into one of the United Arab Emirates' most respected and successful businesses spanning 15 international markets, employing more than 33,000 people, and achieving the highest credit rating (BBB) among privately-held corporates in the Middle East.
Majid Al Futtaim owns and operates 20 shopping malls, 12 hotels and three mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, City Centre malls, and also four community malls which are in joint venture with the Government of Sharjah. The Company holds exclusive rights to the Carrefour franchise in 38 markets across Middle East, Africa and Central Asia, and operates a portfolio of more than 160 outlets in 15 countries.
Majid Al Futtaim operates 191 VOX Cinema screens and 23 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai and iFly Dubai, among others. The Company is parent to the consumer finance company issuing 'Najm' and "Voyager" credit cards, a fashion retail business representing international brands such as Abercrombie & Fitch, AllSaints and lululemon athletica, and a healthcare business that operates City Centre Clinics. In addition, Majid Al Futtaim operates Enova, a facility management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.
Please follow us on:
For further information, please contact:
Media Relations Manager
Trans - Arabian Creative Communications (TRACCS)
Mobile: 010 0900 2207
© Press Release 2016