Majid Al Futtaim to invest $71m in Sharjah mall
City Centre Sharjah’s expansion will include a 12-screen VOX Cinemas, a City Centre Clinic for the healthcare needs of the surrounding communities, and four new dining options
UAE-based business conglomerate Majid Al Futtaim will invest $71m (AED260m) in its City Centre Sharjah as part of a redevelopment initiative, set for completion in the last quarter of 2017, with hundreds of direct and indirect jobs being created.
The announcement comes as a result of the company’s analysis into the changing needs of both residents and tourists in the UAE’s third-largest emirate, and as a part of its recent commitment to invest a further $8.1bn (AED30bn) in the UAE by 2026.
While increasing the mall’s fashion and lifestyle brands by 25 new stores, boosting the total number of retailers to 150 and adding 13,700m2 of retail space, City Centre Sharjah’s expansion will also include a 12-screen VOX Cinemas, a City Centre Clinic for the healthcare needs of the surrounding communities, and four new dining options.
Ghaith Shocair, chief executive officer - shopping malls at Majid Al Futtaim – Properties, said: "City Centre Sharjah will complement the company’s new super-regional mall being developed in Al Zahia as well as the expansion of City Centre Ajman – reflecting the growth opportunities that we see in the UAE’s Northern Emirates throughout the next decade."
City Centre Sharjah’s enhancement will include an interior design refresh for a more contemporary look and feel, including significant natural light throughout the expanded mall. Upgraded public areas and facilities such as prayer rooms, as well as improved entry points via welcome courts and 700 new covered parking spots, are set to increase the mall’s aesthetics and accessibility.
The redevelopment of existing assets such as City Centre Sharjah is a key element of Majid Al Futtaim’s overall UAE strategy announced in June 2016: to open 10 new City Centre destinations, 28 cinemas, 40 Carrefour supermarkets, and a 740,000m2 community also located in Sharjah, by the end of 2020.