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Majid Al Futtaim opens doors of ‘Mall of Egypt’ - Daily News Egypt

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Majid Al Futtaim opens doors of ‘Mall of Egypt’

With $722 million in investments, the company’s first super-regional mall in Egypt introduces new concepts to the local market


Majid Al Futtaim—a shopping mall, communities, retail, and leisure company—opens the doors of its Mall of Egypt on Thursday, 2 March, according to the company’s press statement.

“With an investment of $722 million, the mall is expected to attract a great fanfare from crowds eager to be the first to experience Egypt’s latest shopping and entertainment hub,” the statement read.

It added that Majid Al Futtaim has positioned Mall of Egypt as its flagship project in Egypt country and a pillar of the company’s EGP 23bn investment strategy in the country. Located in 6th of October City on Al Wahat Road along Cairo’s rapidly expanding Western Growth Corridor, Mall of Egypt is aiming to revolutionise retail and entertainment in the country and across the Middle East and North Africa.

“With the unveiling of Mall of Egypt, Majid Al Futtaim is bringing its world-renowned leisure and entertainment brand portfolio that includes Ski Egypt, which brings snow for the first time to the city and the African continent; and VOX Cinemas, with a total of 21 theatres housing one 4DX screen, 4 Gold screens, one IMAX screen, 2 screens for kids, and 13 regular screens with a total of 2,473 seats,” the statement read.

“Majid Al Futtaim has a long standing presence in Egypt, which started 15 years ago with the introduction of Carrefour, City Centre Maadi, and City Centre Alexandria,” said Ghaith Shocair, the chief executive officer of shopping malls at Majid Al Futtaim.

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https://wwww.dailynewssegypt.com/2017/02/28/majid-al-futtaim-opens-doors-mall-egypt/
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