Monday 25 June 2018

$1bn UAE mall partners with Majid Al Futtaim unit

ABU DHABI, April 16, 2017

Abu Dhabi’s upcoming fashion, entertainment and dining destination, the $1-billion Reem Mall, has signed a leasing agreement with Majid Al Futtaim Ventures, the leisure, entertainment, fashion and business arm of UAE-based conglomerate Majid Al Futtaim to operate 202,000 sq ft of leisure space in the new shopping centre.

The agreement will see the business bring its wide range of leisure and entertainment destinations – including the region’s first standalone, themed, indoor snow park – to the top Abu Dhabi retail development.

Through this collaboration, Reem Mall said it will also host the next generation of concepts from award-winning Vox Cinemas, including the large format Max screens, fine dining Theatre by Rhodes and the children focused Vox Kids.

For the first time, Vox Cinemas will be fused with Magic Planet, the region’s largest network of family entertainment centres, to create an all – new leisure environment.

This is also the first time that Majid Al Futtaim Ventures has announced an indoor snow entertainment concept outside Majid Al Futtaim’s owned shopping malls, building on the success of Ski Dubai over the years, and the highly positive response to Ski Egypt, which opened in Cairo’s Mall of Egypt earlier this year.

The bespoke 125,000 sq ft Abu Dhabi snow attraction will be a dedicated snow park and is set to include a variety of activities and experiences to be enjoyed by the entire family – from sledging to zorbing to luge.

The entertainment offering will make up almost 202,000 sq ft, which accounts for 10 per cent of the total mall space, emphasizing the growing significance of leisure in the success of a modern retail environment.

Reem Mall CEO Shane Eldstrom said: "As one of the most ambitious and exciting retail and leisure projects ever undertaken in Abu Dhabi, we share Majid Al Futtaim’s commitment to continued growth and innovation."

"As the UAE capital continues to enhance its position as a global tourism and leisure hub, this new partnership marks a significant milestone not only for Reem Mall, but also for the region’s wider entertainment offering. We now look forward to bringing our shared vision to the UAE capital and creating spectacular visitor experiences for decades to come," he added.

Ahmed Galal Ismail, the chief executive of Majid Al Futtaim Ventures, said: "Over the years, Majid Al Futtaim’s Leisure & Entertainment and Cinemas business have established themselves as the go-to providers of innovative and successful leisure and entertainment concepts for retail developers in the region, and with Reem Mall we have taken this one step further by creating a unique and bespoke offering that will not only anchor the mall, but transform it into a lifestyle destination."

"We are in the business of creating great moments, and so are partnering with Reem Mall in the same way we do with our own shopping malls to ensure that our entertainment concepts are curated and created for the best guest experience," remarked Ismail.

This is the second collaboration between Reem Mall and Majid Al Futtaim after previously signing a deal to open a Carrefour hypermarket at the upcoming Abu Dhabi destination.

Reem Mall, developed by NREC in partnership with UPAC, will deliver 2 million sq ft of leasable area of retail, leisure, dining and entertainment offerings on Abu Dhabi’s Reem Island.

Comprising around 450 stores housing local and international brands, 85 of which will be food and beverage (F&B) outlets, as well as a range of family-focused entertainment and edutainment anchors, Reem Mall will be a unique addition to Abu Dhabi’s family leisure attractions.-TradeArabia News Service

Tags: UAE | Majid Al Futtaim | Leisure | Reem Mall | NREC |

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