Majid Al Futtaim adds ELMNT33° to Egypt portfolio
Arabian Post Staff -Dubai Majid Al Futtaim has opened ELMNT33° at Mall of Egypt, investing EGP457 million in a new dining, lifestyle and co-working destination as the Dubai-based group broadens its footprint in Egypt. The 5,250-square-metre development brings restaurants and cafés together with lifestyle offerings and flexible workspaces at the mall in 6th of October City. The company said the…
Majid Al Futtaim, a Dubai-based investment group, has expanded its presence in Egypt with the opening of ELMNT33° at Mall of Egypt. The 5,250-square-meter development, costing EGP457 million, merges dining, lifestyle, and co-working spaces, aiming to diversify the mall's offerings beyond traditional retail. ELMNT33° features a mix of local and international eateries, co-working areas, and spaces for social activities, targeting families, professionals, and younger consumers.
The concept represents an additional investment for Mall of Egypt, which opened in 2017 and now houses 356 stores across 165,000 square meters of leasable area. Majid Al Futtaim has been investing heavily in Egypt since 1995, generating over 226,000 jobs and contributing $2.8 billion to the Egyptian economy. The group is also developing JUNCTION Business Park, a mixed-use project adjacent to Mall of Egypt, pursuing LEED Gold certification and integrating business facilities with retail, dining, and entertainment infrastructure.
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