UAE minister opens $588m City Centre Almaza in Egypt's Cairo
Egypt’s Minister of Investment and International Cooperation, Dr Sahar Nasr, was also present during the opening ceremony
UAE-based multi-billion dollar conglomerate Majid Al Futtaim has completed construction work on City Centre Almaza in Cairo — its fourth shopping mall in Egypt — with a total investment of $588m, with UAE’s Minister of Climate Change and Environment, Dr Thani bin Ahmed Al Zeyoudi having unveiled the development.
According to the UAE’s state-held news agency, Wam, the mall, which is spread across an area of 10ha, was constructed as part of the Egyptian Free Zones Investment System.
All of #MajidAlFuttaim assets in #Egypt comply with international #sustainability standards, and the latest were showcased through @CityCtrAlmaza. All efforts towards encouraging eco-friendly behaviors! #GreatMoments pic.twitter.com/lmYcGMqlWd— Majid Al Futtaim (@MajidAlFuttaim) December 6, 2019
The opening ceremony was attended by Egypt’s minister of investment and international cooperation, Dr Sahar Nasr, alongside, minister of state for migration and Egyptian affairs abroad, Nabila Makram; UAE Ambassador to Egypt and Permanent Representative to the Arab League, Juma Mubarak Al Junaibi; and chief executive officer of Majid Al Futtaim Group, Alain Bejjani.
Speaking about the development, CEO of shopping malls at Majid Al Futtaim Properties, Ghaith Shocair, said: "City Centre Almaza marks the next step in our growth strategy for Egypt as we increase the size of our shopping malls business in Egypt by almost 30%."
"The mall includes more than 260 stores that have dedicated nearly 10% of its space to entertainment. In addition to hosting East Cairo’s first ever VOX Cinemas (16 screens), visitors can also enjoy Magic Planet, indoor ride games, and attractions venue, Gravity Code which is an indoor trampoline park and an Ignite sports centre,” Shocair added.
The mall is also home to Carrefour hypermarket, which is the size of two football pitches and over 4,000 parking spaces