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$163m INVESTMENT

City Centre Ajman ... expansion plans.

Majid Al Futtaim to expand City Centre Ajman

DUBAI, August 23, 2016

Majid Al Futtaim, a leading shopping mall, retail and leisure developer, today announced a comprehensive redevelopment of City Centre Ajman that will see the mall almost double in size, from 29,000 sq m to 52,000 sq m.
 
With an estimated cost of Dh600 million ($163 million), the expanded City Centre Ajman will feature 150 retail and dining outlets, as well as an expanded VOX Cinemas with innovative 4DX screens and  specially-designed children’s theatres, a statement said.

The mall’s expansion is expected to be completed 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 is a significant component of Majid Al Futtaim’s recent commitment to invest a further Dh30 billion ($8.16 billion) in the UAE by the end of 2026, bringing the company’s total UAE investment to Dh48 billion ($13 billion).

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 – highlighting the depth of Majid Al Futtaim’s commitment to the UAE’s Northern Emirates, the statement said.  

Since its opening in 1998, City Centre Ajman has matured into the emirate’s primary shopping and entertainment destination, and to address customers’ increased interest in family dining, the mall’s expansion will include 10 diverse new food and beverage outlets with both al fresco and indoor seating.  

A number of food and beverage (F&B) as well as retail brands will be making their debut in Ajman as part of the redevelopment.

“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,” said Kim McInnes, chief executive officer - shopping malls at Majid Al Futtaim - Properties.  

“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 (light emitting diode) lights installed throughout the mall, the statement added. -TradeArabia News Service




Tags: Ajman | Majid Al Futtaim | City centre | Shopping Mall |

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