My City Centre Masdar features more than 70 stores.
The Dhs300 million community project – Majid Al Futtaim’s first shopping mall in Abu Dhabi and its 25th in the region – is a flagship mixed-used development with sustainability at its core.
“My City Centre Masdar’s opening marks a key milestone for Majid Al Futtaim as its 25th shopping mall in the region and its first mall in the UAE’s capital. Expected to be one of the region’s most sustainable malls through the efficient use of resources including energy and water management, My City Centre Masdar underlines Majid Al Futtaim’s commitment to an enhanced living environment driven by the UAE’s long-term sustainability goals,” said Ahmed Galal Ismail, Chief Executive Officer of Majid Al Futtaim – Properties.
Featuring sustainably sourced wood, a range of locally-grown produce and a commitment to reducing single-use plastic bag usage, by being the first hypermarket in the UAE not to offer them at the cash counters, the 7,000 sqm Carrefour hypermarket at My City Centre Masdar is also the brand’s 100th store in the UAE.
“It is a tremendous honour for Masdar City to be the home of Abu Dhabi’s most sustainable shopping mall,” said Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, Abu Dhabi Future Energy Company. “I’d like to congratulate Majid Al Futtaim and all the teams involved in realizing this landmark project, which is further evidence of the status of Masdar City as a location for leading businesses and international brands, and of the commercial appeal of low-carbon urban development.”
“Of course, Masdar City is not only a benchmark for sustainable urban development,” Al Ramahi added. “It is also a thriving community made up of thousands of residents, students, researchers, entrepreneurs and business people, supported by the Free Zone, which provides unique business support services and regulations.”
Jebel Ali Free Zone (Jafza), the Middle East’s leading special economic zone and key growth engine of Dubai’s economy, has announced it will waive an estimated Dhs35 million in fines owed by its customers, in commemoration of the UAE Government’s designation of 2019 as the Year of Tolerance.
The Pakistan Tehreek-e-Insaf (PTI) government has accepted the long outstanding demand of stockbrokers to constitute a fund for stabilising the stock market. Adviser to Prime Minister on Finance Abdul Hafeez Shaikh accepted the proposal to form the fund at a meeting with the Pakistan Stock Exchange’s (PSX)
India’s foreign exchange reserves increased by $1.368 billion during the week ended May 10, official data showed. According to the Reserve Bank of India’s weekly statistical supplement, the overall forex reserves rose to $420 billion from $418.687 billion reported for the week ended May 3.
Smart Dubai has launched a report titled ‘Decentralised Data for Dubai’ in association with Outlier Ventures D3 Sandbox exploring the role of data and the Fourth Industrial Revolution in smart city building. The findings of the report underlined the opportunities presented by the convergence