Retail major Majid Al Futtaim said on Monday it has broken ground on My City Centre Masdar, its first shopping destination to open in Abu Dhabi.
Set to open in the second quarter of 2019, the AED340 million ($92.5 million) retail and leisure destination will be among the UAE’s most sustainable malls, the company said in a statement.
It will feature more than 77 stores across 18,800 sq m of gross leasable area, including a 5,793 sq m Carrefour Hypermarket.
When complete, My City Centre Masdar will be the largest Majid Al Futtaim community mall in the UAE.
Ghaith Shocair, CEO of Shopping Malls at Majid Al Futtaim – Properties, said: “My City Centre Masdar will serve as an example of how Majid Al Futtaim upholds sustainable practice while delivering great moments for everyone, every day.”
“We congratulate Majid Al Futtaim on the groundbreaking of My City Centre Masdar and on their partnership with Masdar in advancing low-carbon urban development that is economically, socially as well as environmentally sustainable,” added Mohamed Jameel Al Ramahi, CEO of Masdar.
My City Centre Masdar will adopt an innovative waste management strategy to divert a minimum of 70 percent of the total solid waste generated away from landfill, and collect and segregate food waste and landscaping waste for composting off-site.
It also plans to reduce overall energy consumption at the mall by 40 percent annually. All lighting in the mall will be of the energy-efficient LED variety while the mall will generate 20 percent of its electricity requirements from solar panels on the roof.
Green vehicle owners will find 18 charging points, and a number of priority parking spaces under a vehicle sharing scheme. The mall will also have bicycle parking facilities in prominent locations at the entrances to the mall.
My City Centre Masdar is part of Majid Al Futtaim’s commitment made in 2016 to increase investments in the UAE by AED30 billion by 2026, taking its total investments in the UAE to AED 48 billion.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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