Retail giant Majid Al Futtaim says City Centre Al Jazira will be its first in the UAE capital.
Development work has started on a new AED1.4 billion ($380 million) lifestyle destination in Abu Dhabi, with an opening slated for 2021, according to arabianbusiness.com.
An official ground-breaking ceremony has taken place for City Centre Al Jazira which will include 153 stores, a Carrefour Hypermarket, a Magic Planet entertainment centre, a fitness club, as well as indoor and alfresco dining choices.
The total leasable area is supposed to be 80,500 sqm within a built-up area of 215,000 sqm, said operator Majid Al Futtaim in an announcement. The project is a joint venture between Majid Al Futtaim and Al Jazira Sports and Cultural Club.
Saeed Mohamed Bin Butti Al Qebaisi, who is chairman of Al Jazira Investment declared: “We believe in empowering our community, and we are thrilled to partner with Majid Al Futtaim which will allow us to have the opportunity to have a major role in building a new lifestyle destination in the heart of Abu Dhabi.”
Ghaith Shocair, CEO, Shopping Malls, Majid Al Futtaim - Properties added: “We are delighted to partner with Al Jazira Sports and Cultural Club to bring our first ever City Centre mall to the capital." He declared the new shopping mall is scheduled to open its doors in early 2021 and is part of Majid Al Futtaim’s strategy to raise its total investment in the UAE by AED30 billion by 2026, bringing its total investment in the country to AED48 billion.
In addition to City Centre Al Jazira, the company recently declared the up-coming My City Centre Masdar, plan to open by 2019 in the capital.