MAF's new Beirut mall achieves footfall record
City Centre mall achieves footfall of 400,000 within first two weeks
Majid al Futtaim (MAF) Properties - the UAE-based developer of Dubai's Mall of the Emirates, has announced that its new Beirut City Centre mall achieved a footfall of 400,000 within its first two weeks of operation - the highest ever fopr a new shopping mall to open in the Levant region.
The 60,000m2 mall opened its dooes on 4 April and is the first the company has built in the area.
Peter Walichnowski, CEO of Majid Al Futtaim Properties, said: “Beirut City Centre demonstrates Majid Al Futtaim Properties’ commitment to investing in the long-term future of Lebanon.
"It also illustrates the success of our solid expansion plans across the MENA region through which we aim to double our shopping mall portfolio by 2020.
"We have a number of additional exciting developments in Lebanon and Egypt, and we continue to scout for opportunities in other regional cities.”
The firm said that its $350m investment in Beirut City Centre is part of a wider $2bn investment plan for Lebanon over the next ten years. Some 2,500 construction jobs wer created during the mall's construction, and a forther 1,200 permanent jobs are expected to be created now that the mall is open. It contains over 200 stores, 16 foodcourt outlets and 12 rooftop restaurants.