Majid Al Futtaim will invest AED 260mn ($70mn) to redevelop the City Centre Sharjah mall as part of plans to inject AED 30bn in the UAE by 2026.
Set for completion in the last quarter of 2017, the revamp will add 25 new storefronts, boosting the total number of retailers to 150 and adding 13,700 sqm of retail space. It will also include a 12-screen VOX Cinema, a City Centre Clinic and four new dining options.
The move will complement the companys new super-regional mall being developed in Al Zahia as well as the expansion of City Centre Ajman, said Ghaith Shocair, Chief Executive Officer – Shopping Malls at Majid Al Futtaim Properties.
The enhancement will include an interior design refresh, upgraded public areas and facilities, improved entry points and 700 new covered parking spots.
Mall operations will continue as normal for all tenants that are not going under redevelopment.