With investments exceeding EGP 100 million: Majid Al Futtaim inaugurates its Mall of Egypt Road in partnership with the New Urban Communities Authority and the Egyptian Armed Forces Engineering Authority
Cairo, Egypt, 19 December 2022: Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, inaugurated the Mall of Egypt Road in the 6th of October City under the auspices of the Ministry of Housing, Utilities and Urban Communities and the New Urban Communities Authority on December 18, 2022. The six-kilometer road, established in partnership with the Egyptian Armed Forces Engineering Authority, witnessed an investment of over EGP 100, providing the community with alternative routes to and from various key locations within 6th of October City and Sheikh Zayed City. The project also included the road’s lighting and landscaping, further showcasing Majid Al Futtaim’s commitment to positively contributing to the country’s infrastructure.
The inauguration was attended by Mr. Adel El Naggar, Head of the 6th of October City Development Authority, on behalf of H.E. Dr. Assem el Gazzar, Minister of Housing, Utilities and Urban Communities, Representative Saboura El-Sayed, a member of the House of Representatives and Assistant Secretary of the Mostaqbal Watan Party, Mr. Hani Shaker, Chairman of the Security Council, Ms. Hanan Abdel-Azim, Deputy Head of the 6th of October City Authority, Major General Amgad Anwar, Director of the General Administration of Giza Traffic, and Mr. Radi Khalil, Deputy Head of the 6th of October Authority, amongst other governmental figures, in addition to some of the region’s top real estate leaders.
Adel El Naggar, Head of the 6th of October City Development Authority, stated: “The implementation of this road is the beginning of a fruitful collaboration between the Ministry of Housing, represented by the New Urban Communities Authority, and the private sector, represented by Majid Al Futtaim. The project showcases the Authority‘s keenness in involving the private sector in the country’s development witnessed during President El-Sisi’s presidency, specifically with regards to the establishment of new cities, which the authority is currently contributing to, along with a number of investors – all with a total investment of 1.1 trillion Egyptian Pounds.“
Head of the 6th of October City Development Authority: We are keen in involving the private sector in the country’s development witnessed during President El-Sisi’s presidency
Diaa Yahia, Country Head at Majid Al Futtaim Properties Egypt, added: “At Majid Al Futtaim, we strongly believe that entities have a responsibility towards the communities in which they operate, and need to play an integral role in the development of their surrounding environment. With that said, we are honoured to host the inauguration of our Mall of Egypt Road with our esteemed partners, the Ministry of Housing, Utilities and Urban Communities, the 6th of October City Development Authority, the New Urban Communities Authority and the Egyptian Armed Forces Engineering Authority, building on our contributions to the development of the country’s infrastructure.”
Yahia added: “This remarkable milestone is a testament to Majid Al Futtaim’s contribution to the local infrastructure, which has included the development of over 18 kilometers of roads, two bridges, five roundabouts and two pedestrian bridges – all during the construction of Mall of Egypt, City Centre Almaza and City Centre Maadi. That achievement also reflects Mall of Egypt's vision to provide neighboring communities with a safe and comfortable journey to and from its premises. Not only can visitors reach our mall easily, but the local community is now provided with alternative routes to improve traffic and facilitate commuting. With that said, we hope to continue introducing partnerships that will support our society.”
Country Head at Majid Al Futtaim Properties: We strongly believe that entities have a responsibility towards the communities in which they operate, and the development of their surrounding environment
Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 17 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately held corporates in the region.
Majid Al Futtaim owns and operates 29 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, Mall of Oman, City Centre malls, My City Centre neighbourhood centres, and five community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in over 30 markets across the Middle East, Africa and Asia, operating a portfolio of more than 400 outlets including City+, the region’s first checkout-free store, and an online store.
Majid Al Futtaim operates more than 600 VOX Cinemas screens as well as a portfolio of world-class leisure and entertainment experiences across the region including Ski Dubai, Ski Egypt, Dreamscape, Magic Planet, Little Explorers and iFLY Dubai. The Company is parent to a Fashion, Home and Specialty retail business representing international brands such as Abercrombie & Fitch, Hollister, AllSaints, lululemon athletica, Crate & Barrel, LEGO and THAT, a Majid Al Futtaim fashion concept store and app. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management.