Developer and leisure operator Majid Al Futtaim has begun construction of City Centre Almaza in Cairo, Egypt, its third City Centre complex in the country.
The project, worth an estimated EGP4bn (£357m), is due to open in 2019 and will feature 103,455sq.m of retail space, 23 restaurants, 18 food court outlets and nine cafes. It will also boast a 13,000sq.m Carrefour supermarket, a 16-screen VOX cinema and a 1,800sq.m Magic Planet family entertainment centre.
Egypt, said Alain Bejjani, CEO of MAF Holding, is the company’s second-largest market after the UAE. In total, MAF plans to invest EGP23bn in the country to develop several retail and leisure complexes.
