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Majid Al Futtaim begins construction work on first mixed-use development in Syria
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Sun August 7, 2011 2:28 pm

UAE. Majid Al Futtaim Properties, the leading developer and operator of shopping malls together with hotels and mixed-use ‎community projects in the MENA region, announced that it has commenced works on the first phase of Khams Shamat, its 1.5 million square metres mixed-use project in Syria.

The project, which is being developed in the Yaafour district, 17 km west of Damascus, will be developed through multiple phases with an estimated cost exceeding US$ 1 billion.

Peter Walichnowski, CEO, Majid Al Futtaim Properties, said: “Khams Shamat is a significant project within our expansion strategy in the MENA region and represents our long-term commitment to the Syrian market. The first stage of laying down the infrastructure and foundations for phase one of the project commenced on 27 July 2011.”

Waddah El Solh, the Company’s Regional Head of Syria and Lebanon, said: “All necessary preparations required to proceed with the execution of the project have already been made, including the evaluation and review of the designs, as well as the engineering plans for the architecture and implementation of the project. Specialised and experienced project management and construction teams have also been allocated.

He added: “We are committed to completing of this project in line with our high quality standards and becoming long-term partners in the economic and social development of Syria.”

Mr. El Solh also stressed on the large amount of groundwork to be done on the site, due to the project’s scale and the nature of the area’s terrain.

Upon completion, Khams Shamat will include international hotels, apartments, touristic venues consisting of restaurants and cafes, galleries and showrooms, a high-profile business area, the largest mall in the Levant region with family entertainment centre and multiplex theatres, and numerous other entertainment and hospitality outlets to host touristic, commercial and recreational activities. In addition, it will comprise educational and cultural facilities surrounded by large open spaces and vast greenery and landscapes.

Khams Shamat is among four major projects currently being developed by Majid Al Futtaim Properties in the United Arab Emirates, Egypt, Lebanon and Syria.

Majid Al Futtaim Properties
Majid Al Futtaim Properties is leading developer of ‎shopping malls together with hotels and ‎mixed-use community ‎projects in the MENA region. Majid Al Futtaim Properties has changed the face of shopping, leisure and entertainment in the Middle East and North Africa (MENA). It currently owns and operates ten world-class shopping malls in the region with three of its flagship projects based in Dubai. Majid Al Futtaim Properties has earned numerous accolades and awards from international organisations that have recognised its leadership and the quality of its properties.

Mall of the Emirates, the world’s first shopping resort, houses over 520 international retail brands including 60 luxury stores and a unique range of leisure attractions, anchored by the world-renowned Ski Dubai.

Deira City Centre pioneered the concept of shopping and entertainment in the region.  It has over 370 stores with an extensive array of mid-market popular brands, including leisure and entertainment facilities and over 50 restaurants and cafes. 

Mirdif City Centre, the latest regional shopping mall in the UAE by Majid Al Futtaim Properties, is home to 430 stores offering the best mix of retail, superior leisure and entertainment concepts that include iFLY Dubai - indoor skydiving centre and VOX Cinemas and many more, and a host of delicious fine dining outlets.

 

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