Majid Al Futtaim breaks ground on City Centre Al Jazira
Majid Al Futtaim has started construction work on City Centre Al Jazira, the new AED 1.4 billion ($381m) lifestyle destination coming to Abu Dhabi.
Located in the heart of Abu Dhabi, between Airport Road and Al Muroor Road, City Centre Al Jazira will will include 153 retail stores, a Carrefour Hypermarket, a Magic Planet family entertainment destination, a fitness centre, as well as indoor and alfresco dining choices. The total leasable area is expected to be 80,500 sqm within a built-up area of 215,000 sqm.
“Al Jazira Sports and Cultural Club is a well-established name. We believe in empowering our community, and we are thrilled to partner with Majid Al Futtaim which will allow us to have the opportunity to have a major role in building a new lifestyle destination in the heart of Abu Dhabi,” said Saeed Mohamed Bin Butti Al Qebaisi, Chairman of Al Jazira Investment, the official investor of all Al Jazira Sports and Cultural Club assets.
Construction of City Centre Al Jazira is on track and forging ahead, with the contractor appointed to deliver the enabling works which are starting this month. The new super-regional mall is scheduled to open its doors in early 2021.
The project is part of Majid Al Futtaim’s announcement made in June 2016 to increase its total investment in the UAE by AED 30 billion by 2026, taking its total investment in the country to AED 48 billion.
In addition to City Centre Al Jazira, which is Majid Al Futtaim’s first City Centre mall in the capital, the company recently announced the up-coming My City Centre Masdar, set to open by 2019 in the capital. The projects reiterate Majid Al Futtaim’s leadership in the UAE’s retail and entertainment landscape, contributing to the growth of the country’s economy.