Al Zahia brings Carrefour as North Hub’s first anchor store
- The retail leader brings effortless convenience to residents across the community
- Construction began in Q4 2020, with Carrefour set to open in Q3 2021
- The partnership emphasises the value gained from Majid Al Futtaim’s diverse ecosystem of retail and entertainment options
Al Zahia — Sharjah’s premier lifestyle destination — has announced that Carrefour, operated by Majid Al Futtaim in the UAE, will be the first anchor store to open at the community’s North Hub— a retail destination bringing key stores to the community residents. The store is set to open by the third quarter of 2021, as the construction started in the fourth quarter of 2020.
North Hub will span over 1000m2 and to host the Carrefour store with other key retailers. North Hub will be easily accessible to Al Zahia residents. The anchor Carrefour store will comprise a space of 522m2 and will offer great value deals on everyday essentials, fresh food, electronics, textiles and much more. With additional outlets to be unveiled soon, Al Zahia continues to demonstrate its commitment to Sharjah’s modern urban planning strategy.
Yousuf Kazim, Managing Director Majid Al Futtaim – Communities said “Through this partnership we continue to demonstrate the value that Majid Al Futtaim’s wider ecosystem of expertise brings to the community. As Sharjah’s premier lifestyle destination, we strive to provide the families with a true premium experience at their fingertips, through an effortless and rewarding lifestyle at Al Zahia.”
Walid Al Hashimi, Chief Executive Officer at Sharjah Holding said: “The Carrefour store, as part of the wider North Hub destination, demonstrates our commitment to providing as complete a living experience as possible. It is through these value-adds that we can truly create a sense of belonging for our residents. North Hub complements the wider exclusive offerings of Al Zahia, including a Retail Plaza in Uptown Al Zahia with direct connection to the upcoming City Centre Al Zahia. It’s all part of our new vision for Sharjah — to create a place that is built on a mix of traditional values and comfort.”
Al Zahia, which is part of a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, is scheduled to be completed by 2023, and will include a total of 3,700 homes. Al Zahia is located off Sheikh Mohammed bin Zayed Road and directly on University City Road. To date, 55 per cent of the project has been sold, with 800 families already in residence.
Carrefour was launched in the region in 1995 by UAE-based Majid Al Futtaim, which is the exclusive franchisee to operate Carrefour in over 30 countries across the Middle East, Africa, and Asia, and fully owns the operations in the region. Today, Majid Al Futtaim operates over 350 Carrefour stores in 17 countries, serving more than 750,000 customers daily and employing over 37,000 colleagues.
Carrefour operates different store formats, as well as multiple online offerings to meet the growing needs of its diversified customer base. In line with the brand’s commitment to provide the widest range of quality products and value for money, Carrefour offers an unrivalled choice of more than 500,000 food and non-food products, and a locally inspired exemplary customer experience to create great moments for everyone every day. Across Carrefour’s stores, Majid Al Futtaim sources over 80% of the products offered from the region, making it a key enabler in supporting local producers, suppliers, families and economies.
About Al Zahia
Al Zahia – owned by Sharjah Holding and managed by Majid Al Futtaim Properties – is a milestone development that will help diversify the real estate sector of the Emirate of Sharjah. Sharjah’s premier lifestyle destination – rooted in the emirate’s values of family, community and culture – Al Zahia is on par with the high-quality, international building standards for which its developer, Majid Al Futtaim Properties, is known.
About Sharjah Holding PJSC
Sharjah Holding, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, is a community-focused real estate developer. Sharjah Holding’s current focus is on the development and management of retail and mixed-use projects in the Emirate of Sharjah. These include Matajer, a neighbourhood shopping centre concept, and Al Zahia, Sharjah’s premier lifestyle destination.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 17 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Majid Al Futtaim owns and operates 27 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and five community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in over 30 markets across the Middle East, Africa and Asia, operating a portfolio of more than 350 outlets and an online store.
Majid Al Futtaim operates more than 500 VOX Cinemas screens as well as a portfolio of world-class leisure and entertainment experiences across the region including Ski Dubai, Ski Egypt, Dreamscape, Magic Planet, Little Explorers and iFLY Dubai. The Company is parent to the consumer finance company ‘Najm’, and a Fashion, Home and Specialty retail business representing international brands such as Abercrombie & Fitch, Hollister, AllSaints, lululemon athletica, Crate & Barrel, Maisons du Monde, LEGO and THAT, a Majid Al Futtaim fashion concept store and app. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management.
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