01 February 2016

UAE-based shopping mall developer Majid Al Futtaim has announced plans to develop a third city centre project in Egypt at an investment of over E£4 billion ($509 million).

Majid Al Futtaim has laid the foundation for the new City Centre Almaza mall, its 14th City Centre – the largest mall network across the Middle East. Located in Cairo’s high-end suburb of Heliopolis, City Centre Almaza is set to open by the first quarter of 2019. It will feature 103,455 sq m of retail space offering more than 300 international and local brands, as well as 23 restaurants and 18 food-court outlets.

 

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• Industrial city project on track
• Qatar to issue metro and tram tenders
• Aces wins Fifa stadium work
• Update
• Mitsui, Acwa seal $2.3bn power deal
• Habtoor plans Cairo complex
• Kuwait contracts top $32bn in 2015
• New city centre on way in Egypt
• GFH starts Harbour Row work
• Famco inaugurates branch office in Bahrain
• GCC project contract values to plunge 15pc
• Napco extrusions for Anantara hotel
• Pro Partner eyes expansion
• Hidd housing makes headway

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