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ABU DHABI / Emirates Business
The Middle East and North Africa’s leading shopping mall, retail and leisure pioneer, Majid Al Futtaim, continues its expansion and announced a new AED 300 million project in Abu Dhabi – “My City Centre Masdarâ€. The new mall will be located in the heart of Masdar City, one of the world’s most sustainable urban developments, with easy access to adjacent developments and connectivity to planned smart public transport options including buses, light rail transit (LRT) lines, Group Rapid Transit (GRT) vehicles and the metro network.
Set to open by the end of 2018, My City Centre Masdar will deliver a convenient, neighbourhood retail experience which meets the daily shopping needs of more than 75,000 estimated consumers in surrounding areas. It will include 60 outlets across 18,000 sqm of gross leasable area (GLA), including a Magic Planet family entertainment centre, a 5,760 sqm Carrefour Hypermarket, a City Centre Clinic to provide community-focused healthcare services, and convenient dining options for both residents and professionals within Masdar City.
Today around 2,000 people work at Masdar City and its residential population is expected to exceed 3,500 people within the next two to three years. Around 35% of the City’s planned built-up area will be completed over the next five years and nearly 30% has already been committed to, including private homes, schools, hotels and additional office space. Up to 40,000 residents and 50,000 workers and students will be based at Masdar City by 2030.