Majid al-Futtaim tenders mall construction deal

26 April 2016

Al-Zahia City Centre mall will be built in Sharjah

Dubai-based developer Majid al-Futtaim (MAF) has invited selected companies to bid by 26 June for the contract to build its Al-Zahia mall development in Sharjah.

The contractors that have been invited include:

The 30-month deal involves building a three-level mall, known as Al-Zahia City Centre, on a 183,505-square-metre plot, with space for 400 shops.

The retail area, which will include anchor tenants and department stores, also includes entertainment areas, food courts and restaurants. The total built-up area will be 248,300 sq m.

The work will also involve building a three-level car park with a total built-up area of 135,000 sq m and spaces for 5,200 cars. The structure will be connected to the mall with pedestrian bridges.

Infrastructure works include internal roads, landscaping and utility connections.

The utilities serving the mall will be a 33kV substation and a sewage treatment plant, which will be completed by the contractor on a design-and-build basis.

Flyovers directly connecting to Sheikh Mohammed bin Zayed Road in both directions are also planned, and are not included in the mall construction contract.

Al-Zahia is a gated residential community being developed by a joint venture of MAF and the Sharjah government.

MAF is developing shopping malls across the region. In January, it awarded a joint venture of CCC and the local Hassan Allam Construction the contract to build the City Centre Almaza shopping mall on the outskirts of Cairo.

The £E4bn ($510m) development will be built in Heliopolis on the northeastern quadrant of the junction between the Cairo-Suez Road and Nasr Road.

It will have 103,455 sq m of retail space, with a 13,040-sq-m Carrefour supermarket, a food court, a 16-screen Vox cinema, a 1,800-sq-m Magic Planet family entertainment centre and 4,000 parking spaces.

Majid al-Futtaim reaffirms expansion plans

 Mall of the Emirates

Mall of the Emirates

Mall developer Majid al-Futtaim plans to expand across the region with projects similar to its Mall of the Emirates in Dubai

Local mall developer Majid al-Futtaim Group (MAF) has revealed it remains committed to a five-year expansion plan of the entire business.

Speaking at a media briefing in Dubai on 29 March, group CEO Alain Bejjani said the firm “is looking to double the size of the business within five years”.

The firm, which is celebrating 20 years since the opening of Deira City Centre and 10 years since the completion of Mall of the Emirates, claims it is also committed to regional expansion. Read more

For more read the interview with Ahmed Ismail, CEO, Majid Al Futtaim Ventures

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