The Majid Al Futtaim group has broken ground for the construction of a shopping mall in Masdar City with an investment of Dh340 million, the company said in a statement on Monday.
My City Centre Masdar will feature more than 77 stores across 18,800 square metres (sqm) of gross leasable area (GLA), including a 5,793 sqm Carrefour Hypermarket and a number of dining options for people living within Masdar City and the surrounding communities.
When complete in the second quarter of 2019, the shopping mall will be the largest Majid Al Futtaim community mall in the UAE, the company stated.
The group added that Amana Steel Contracting has begun main works as the company’s main contractor on the project.
“My City Centre Masdar, Majid Al Futtaim’s first shopping destination to open in Abu Dhabi, will exemplify leadership in sustainable design and operation, in line with Masdar City and the UAE capital’s long-term sustainability goals,” Gaith Shocair, chief executive officer of Shopping Malls at Majid Al Futtaim Properties, said in a statement.
The mall will be among the UAE’s most sustainable malls, designed to meet the requirements of an Estidama Three Pearl, which is equivalent to the LEED Gold rating, for exceptional performance in energy and water conservation.
Majid Al Futtaim plans to increase investments in the UAE by Dh30 billion by 2026, taking its total investments in the country to Dh48 billion.
Source: Gulf News