The next-generation lifestyle destination project at the Mall of the Emirates stands as the hallmark celebration for its 20th anniversary which Majid Al Futtaim intends to develop through a 5 billion dirham ($1.36 billion) investment. The expansion project at Mall of the Emirates will bring 20,000 square meters of additional retail space which will create 100 new stores along with expanded food options and cultural facilities and wellness areas according to the Emirati retail conglomerate.
The allocated funds of 1.1 billion dirhams will support the development of a wellness club together with a cultural hub and dining venues along with infrastructure improvements. Dubai sustains its economic structure with tourism as a primary pillar and its destination malls such as Mall of the Emirates now function as cultural and entertainment centers offering world-class facilities to international visitors.
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The emirate plans to enhance the exhibitions and event management sector so its annual GDP contribution reaches $14.7 billion by 2033. Majid Al Futtaim will introduce four new entertainment initiatives for release by the end of 2026 according to its announcement but it did not disclose additional information. One dollar holds an exchange rate of 3.6728 UAE dirham based on present market currency values.
The Mall of the Emirates recent $1.36 billion improvement represents Dubai’s effort to secure the retail industry for future years. MAF attains continued visitor attraction through their integration of shopping experiences with wellness facilities and cultural offerings along with entertainment venues for the next ten years. With the announcement from Majid Al Futtaim on Wednesday, Mall of the Emirates will expand with a AED 5 billion ($1.36 billion) redevelopment project.