Sunday, June 11, 2017

Majid Al Futtaim to launch its first mall in RAK

Majid Al Futtaim, a leading shopping mall and leisure pioneer across the Middle East, Africa and Asia, has announced its new upcoming neighbourhood shopping destination in Ras Al Khaimah, UAE: My City Centre Al Dhait.

The retail pioneer’s expansion into the Northern Emirate comes as part of the company’s strategy to increase its total investment in the United Arab Emirates by Dh30 billion ($8.16 billion) by 2026. The new shopping mall is set to open early next year.

The new community mall, which represents an investment of Dh68.5 million ($18.6 million), is             Majid Al Futtaim’s third ‘My City Centre’ mall. Located in a strategic location between two growing residential communities in the North and South-West of Al Dhait in Ras Al Khaimah, it will begin construction this month.

My City Centre Al Dhait will bring a diverse and tailored mix of shopping and dining outlets, offering nearby residents a convenient and accessible experience, ideal for everyday shopping needs.  It will be home to 30 stores across 5,494 sq m of gross leasable area, including a 1,178 sq m Carrefour Market, and will offer 117 parking spaces to visitors.

“The new My City Centre Al Dhait shopping destination underscores the success of Majid Al Futtaim’s ‘My City Centre’ brand, a neighbourhood retail brand focused on offering accessible, convenient and lifestyle-oriented stores to serve surrounding communities,” said Ghaith Shocair, chief executive officer Shopping Malls, Majid Al Futtaim Properties.

“My City Centre Al Dhait is the most recent example of Majid Al Futtaim’s vision to create great moments for everyone, everyday, by providing accessible, convenient shopping and service destinations that addresses the immediate needs of residents through convenience and easy reach, while also acting as a social hub for the local community,” he added.

Majid Al Futtaim has expansion plans ongoing in Oman, Saudi Arabia, and Egypt, while redeveloping a number of its 21 existing retail and leisure destinations. – TradeArabia News Service

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