- Posted by: Julien Garcier
- Categories: Retail, SagaRetail
UAE-based conglomerate Majid Al Futtaim (MAF) has handed over possession of units at its City Centre Almaza Mall to tenants in anticipation of a September 30th opening. Located in the Cairo suburb of Heliopolis, this mall, which has a gross leasable area (GLA) of 103,000m2, includes a 13,040m2 Carrefour hypermarket, a Magic Planet entertainment centre, and a 16-screen multiplex cinema. Other brands due to open outlets in the mall include Dsquared2, Hugo Boss, Emporio Armani, H&M, Hamleys, Zara, Massimo Dutti, and Ego.
Almaza will be the sixth-largest mall in Cairo (and Egypt as a whole). Once it is opened, the total GLA of Egyptian malls will increase by almost 15%, to around 813,000m2. In 2009, this figure stood at a mere 109,350m2.
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If you want to know more about the rapid growth of shopping malls in Africa, check out the latest edition of Sagaci Research’s Shopping Malls in Africa report and our shopping malls database