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Majid Al Futtaim announces plans for $82m Masdar City mall

Majid Al Futtaim announces plans for $82m Masdar City mall

The new mall is designed to serve Masdar City’s growing population

Middle East mall operator Majid Al Futtaim (MAF) has announced a Dhs300m ($81.6m) City Centre project at Abu Dhabi’s Masdar City

The new mall will include 60 outlets spread across 18,000 square metres of gross leasable area with a family entertainment centre, 5,760-square-metre Carrefour Hypermarket, City Centre Clinic and restaurants.

It will also have 430 parking space on its roof and utilise solar panels and energy and water saving technology.

MAF said the population of Masdar City was expected to grow to more than 3,500 people within the next two-to-three years from 2,000 today.

It also cited construction commitments at the project, with 30 per cent of the planned built up area to be completed over the next five years.

The mall is set to open by the end of 2018.

Last year, MAF announced plans to invest Dhs30bn ($8.1bn) in the UAE by 2030 including new malls in Dubai, Abu Dhabi and Sharjah.

Read: Majid Al Futtaim announces $8bn UAE expansion

The company is also building malls in Oman, Saudi Arabia and Egypt.

Read: Majid Al Futtaim close to mandating banks for Mall of Oman financing


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