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The community malls gain in popularity, as loyal visitors enjoy the lifestyle destinations
Sharjah, United Arab Emirates; 19 August 2015: The Matajer malls the neighbourhood retail centres concepts by Sharjah Holding, a joint venture between Majid Al Futtaim Properties and the government of Sharjah--have recorded a significant increase of 12 % in sales in the first half of 2015, compared to the same period last year.
Majid Al Futtaim's Matajer malls Matajer Al Quoz, Matajer Al Juraina, Matajer Al Khan and Matajer Al Mirgab are gaining in popularity by bringing a small-scale more personal experience, high quality retail and easy access to everyday services, to residential and academic neighbourhoods across Sharjah.
The Matajer malls boast easily accessible retailers, and speedy access to parking - which has proven a great asset at Majid Al Futtaim's neighbourhood centres. In terms of demographic breakdown the neighbourhood retail concepts have noticed a trend in visitation of working professionals and students frequenting these malls during the day time on weekdays, while families can be seen more in the evenings during the week and throughout the day on weekends.
"We are pleased to announce the positive increase in sales in the first half of this year at the Matajer malls and we welcome back our loyal customers and look forward to a prosperous second half," said Hamad Al Lawati, Manager Community Malls, Majid Al Futtaim Properties. "Majid Al Futtaim listens closely to the needs of every customer, in line with the vision of creating great moments for everyone, everyday. Building family-friendly, high quality retail centres in different neighbourhoods offers a more tailored package for the community and ensures that shoppers have choice and diverse options when looking for a mall experience." added Hamad Al Lawati.
Loyal customers are enjoying the variety of the family-friendly and lifestyle-oriented retail destinations, which offer a complete premium community shopping experience, including quick availability of grocery shopping, banking, electronics, beauty and pharmacy needs, meeting the daily needs of residents in surrounding communities.
Majid Al Futtaim the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa is developing retail and entertainment destinations which are tailored to the needs of specific markets and communities. Majid Al Futtaim is committed to meeting the needs of increasing urbanisation, and consumers' changing notion of convenience and will continue delivering the right retail mix for the Middle East.
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Sara Williams sara.williams@theportsmouthgroup.com
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The legal name of this company is "Majid Al Futtaim" and should not be shortened or replaced by an acronym to avoid confusion with another business entity.
Disclaimer: All facts and figures in this release are accurate at the time of issuance.
ABOUT SHARJAH HOLDING
Sharjah Holding, a joint venture between Majid Al Futtaim Properties and the government of Sharjah, is a community focused developer creating neighbourhood retail and mixed use communities. These include Matajer, a neighbourhood shopping centre concept, and a major integrated mixed-use community. The company's initial focus is on real estate development and management activities in the local market of Sharjah, but will seek out opportunities in supportive business areas and other geographies.
ABOUT MATAJER
Matajer is a neighbourhood retail centre concept by Sharjah Holding, a joint venture between Majid Al Futtaim Properties and the government of Sharjah, bringing small-scale, high quality retail and easy access to everyday services to neighbourhoods across Sharjah. The flagship Matajer Al Quoz opened in October 2011, followed by Matajer Al Juraina, Matajer Al Khan and Matajer Al Mirgab in 2012 in residential and academic areas of Sharjah. Matajer Al Quoz was selected as a National Award winner in the Leisure and Tourism Category at the MEED Quality Awards in May 2012. All Matajer locations are anchored by Majid Al Futtaim - Retail's Carrefour, to complete the premium community shopping experience, which includes quick availability of banking, electronics, beauty and pharmacy needs.
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 13 international markets, employing over 27,000 people, and achieving the highest credit rating (BBB) among privately-held corporates in the Middle East.
Majid Al Futtaim owns and operates 17 shopping malls, 11 hotels and three mixed-use communities in MENA, 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, operating a portfolio of over 60 hypermarkets and over 70 supermarkets in 13 countries.
Majid Al Futtaim operates 143 VOX Cinema screens and 18 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 launched the first LEGO-certified store in the Middle East and is parent to the consumer finance company issuing 'Najm' credit cards, a fashion retail business representing international brands such as Abercrombie & Fitch, Juicy Couture and Halston Heritage, and a healthcare business. In addition, Majid Al Futtaim launched Enova, a facility management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also operates in the food and beverage industry through a partnership with Gourmet Gulf.
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© Press Release 2015
