Majid Al Futtaim eyes $163m Ajman mall expansion
The mall’s expansion is anticipated to conclude in the third quarter of 2017, followed by an additional refurbishment and redemising of the existing mall
UAE-based conglomerate Majid Al Futtaim announced a comprehensive redevelopment of City Centre Ajman, that will see the mall almost double in size, from 29,000 sqm to 52,000 sqm.
With an estimated cost of $163m (AED600m), the expanded City Centre Ajman will feature 150 retail and dining outlets, as well as an expanded VOX cinemas with innovative 4DX screens as well as specially-designed children’s theatres. A number of F&B as well as retail brands will be making their debut in Ajman as part of the redevelopment.
The mall’s expansion is anticipated to conclude in the third quarter of 2017, followed by an additional refurbishment and redemising of the existing mall.
Creating several hundred new jobs, City Centre Ajman’s redevelopment will be a significant component of Majid Al Futtaim’s recent commitment to invest a further $(AED30bn) in the UAE by the end of 2026, bringing the company’s total UAE investment to $(AED48bn).
Complementing the mall’s expansion is the creation of 500 new jobs, the Al Zahia master-planned community and super-regional mall in nearby Sharjah, as well as the redevelopment of City Centre Sharjah.
Kim McInnes, chief executive officer - shopping malls at Majid Al Futtaim - Properties, said: “The UAE’s Northern Emirates are a key growth area for Majid Al Futtaim, enabling us to deliver an entirely new set of retail, dining, leisure, and entertainment experiences to both residents and overseas visitors.
“As Ajman’s population increases and a growing number of tourists visit this part of the country, the redevelopment of City Centre Ajman will deliver the highest standard of design and diversity of choice while contributing significantly to the emirate’s economic and employment landscapes.”
City Centre Ajman’s expanded design will be contemporary, spacious, and able to accommodate the growth in residents and tourists anticipated by the government’s 2021 vision, which focuses on infrastructure development.
In line with Majid Al Futtaim’s sustainability strategy, the mall’s public facilities will be significantly enhanced, with additional prayer rooms and restrooms incorporating water-saving fittings, and LED lights installed throughout the mall.