City Centre Almaza, Majid Al Futtaim’s third mall in Egypt, will open its doors to the public on September 30, boasting 103,000 square meters of retail and dining outlets, Invest-Gate reports.
In a ceremony held on-site, the UAE-based developer “successfully handed over possession to its tenants,” including over 260 local and international fashion and lifestyle brands such as Hugo Boss, Emporio Armani, Massimo Dutti, alongside a lineup of exceptional dining and leisure facilities, according to the company’s statement on July 22.
Located in Heliopolis, east Cairo, it also features a 13,040-square-meter Carrefour Hypermarket, a 1,800-square-meter family entertainment center, called “Magic Planet,” along with 16 screens of VOX Cinemas. Besides, through the new mixed-use development, Majid Al Futtaim strives to secure a LEED-Gold rating for exceptional performance in energy and water conservation.
In this vein, City Centre Almaza comprises 241 bicycle storage and changing rooms for its full-time occupants and has earmarked 200 preferred parking spots, near the entrances, for low-emitting and fuel-efficient vehicles.
“Other sustainability-focused features include the exclusive use of LED lighting, parking locations for electrical cars, in addition to charging outlets. During the construction phase, the mall utilized recycled content and moving forward. Tenants at City Centre Almaza must comply with the LEED requirements in water and electricity reduction, all to uphold sustainability standards,” the statement unveiled.
Meanwhile, Majid Al Futtaim has pumped more than EGP 500 mn into the new project’s traffic solutions, ensuring the upgrade of the encircling roads to form a free interchange that offers safe and smooth access to visitors. Accordingly, the shopping destination has seen the overhaul and expansion of Suez Road, as well as, the addition of a new pedestrian bridge over Thawra Street, to safely and effectively ease traffic to and from the new spot.
It is worth noting that the European Bank for Reconstruction and Development (EBRD) has provided up to USD 200 mn to the UAE-based developer to finance the development and operation of the regional retail and entertainment hub, with a total value of USD 437 mn.