Developer is expanding City Centre mall in Ajman by 51,000 square metres
The deal for the $136m mall expansion was awarded to Khansaheb earlier this month, with work set to start in three weeks, according to an industry source who is familiar with the project.
MAF is expanding the mall by 51,000 square metres to add 110 retail and dining units. The work will also include a car park expansion and all other associated facilities.
Earlier this month MEED reported that the developer is planning to invest AED30bn ($8.2bn) in the next 10 years in the UAE, which will take its total investments in the domestic market to AED48bn.
The investments include both new schemes and the expansion of existing assets, which will create more than 170,000 direct and indirect job opportunities in the country, Alain Bejjani, CEO of MAF Holding told a press conference on 1 June in Dubai.
MAF will develop 10 new shopping malls under the City Centre brand, including a new mall in Dubai. The development is part of a 740,000-square-metre mixed-use residential, retail, hospitality, commercial and leisure community.