MAF's new Beirut mall achieves footfall record

City Centre mall achieves footfall of 400,000 within first two weeks

NEWS, Projects, Beirut, Majid al futtaim properties, Retail development

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.

Most popular


Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020