Press Release

 

Egypt, 10 January 2013 – Both properties, owned, developed and managed by Majid Al Futtaim Properties, have been leading the retail sector in Egypt since 2002. The month-long celebration will be marked by competitions and prizes for shoppers.

Located in Egypt’s most vibrant governorates - Cairo and Alexandria -Maadi and Alexandria City Centre’s offer a wide variety of dining, shopping and entertainment outlets under one roof. With over240 local and international retailers across both malls, visitors have a wide selection of brands available to accommodate their needs. The diversity and quality of retailers has been tailored to match the unique requirements of Egyptian consumer marked by a steady and consistent increase in sales throughout the first 10 years of operation. Sales increase amounted to 44% in the first half on 2012 alone.

 “We are delighted to be celebrating our tenth year anniversary of successful operation in the Egyptian market. The Egyptian market is quite diverse with an increasingly discerning customer and we pride ourselveson being able to provide our visitors with a variety of unique brands, fun activities and quality dining optionsunder one roof,” said Abdulla El Nockrashy, Majid Al FuttaimProperties Country Manager for Egypt. “Our vision at Majid Al FuttaimProperties is to always provide visitors with a memorable experience each time they visit our malls, an experience that satisfies all family members. We have achieved numerous milestones over the last ten years in Egypt and we are committed to ensuring that the next ten years continues to provide our customers with the best shopping and entertainment experience possible.”

In celebration of the 10year anniversary, both malls have planned massive promotional campaigns in collaboration with retailers to offer visitors a chance to win cashprizes every week.Over the month of January, more than 80 lucky shoppers will win a total of EGP 100,000 cash prizes. For a chance to win, customers atCity Centre Maadi and Alexandria City Centre simply have to spend a minimum of EGP 500 and EGP 400, respectively, in one day at the mall. Shoppers then take their receipts to the information desk to receive a coupon, complete the form and enter the raffle draw.

Majid Al FuttaimProperties opened its first mall, City Centre Maadi in Egypt in 2002. The mall offers 30,321 square metres of GLA and has 83retailers. The company then opened Alexandria City Centre in 2003, which accommodates 161retailers in over 61,774 square metres of GLA. Combined, the malls provide 3,500 job opportunities across the country with both malls hosting more than 25 million visitors each year.