{"id":47906,"date":"2019-12-08T15:30:16","date_gmt":"2019-12-08T13:30:16","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=47906"},"modified":"2019-12-09T18:54:44","modified_gmt":"2019-12-09T16:54:44","slug":"al-futtaims-580-m-city-center-in-egypt-is-model-of-green-economy-secures-40000-jobs","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/al-futtaims-580-m-city-center-in-egypt-is-model-of-green-economy-secures-40000-jobs\/","title":{"rendered":"Al Futtaim&#8217;s $ 580 m City Center in Egypt is model of green economy, secures 40,000 jobs"},"content":{"rendered":"<div style=\"direction: ltr;\">UAE Minister of Climate Change and Environment Thani Ahmed Al Zeyoudi said the 580-million-dollar City Center Almaza shopping mall in Egypt &#8211; which was set up by the UAE&#8217;s Al Futtaim Group &#8211; represents a pioneering project of green economy and environment protection.<\/div>\n<div style=\"direction: ltr;\"><\/div>\n<div style=\"direction: ltr;\">Zeyoudi and Egyptian Minister of Investment and International Cooperation Sahar Nasr opened the 29.5-feddan mall on December 5.<\/div>\n<div style=\"direction: ltr;\"><\/div>\n<div style=\"direction: ltr;\">The shopping mall &#8211; located on the Cairo-Suez road &#8211; has more than 260 retail shops and restaurants. The mall houses a\u00a0number of international brands, including Hugo by Hugo Boss, Emporio Armani, Pinko, Ego, Philipp Plein, Elisabetta Franchi, Billionaire, Armani Caff\u00e9, and Twin-Set.<\/div>\n<div><\/div>\n<div style=\"direction: ltr;\">Alain Bejjani, Chief Executive Officer at Majid Al Futtaim, said the company &#8211; which started operation in Egypt 21 years ago &#8211; pumped about 26 billion investments in Egypt over the past five years and secured about 126,000 direct and indirect jobs.<\/div>\n<div>\n<div style=\"direction: ltr;\"><\/div>\n<div style=\"direction: ltr;\">He added that the company plans to inject about EGP 44 billion in the coming years, stressing the company&#8217;s commitment to long-term investments in Egypt.<\/div>\n<div style=\"direction: ltr;\"><\/div>\n<div style=\"direction: ltr;\">He lauded the efforts exerted by the Egyptian government, especially\u00a0the Ministry of Investment and International Cooperation, for supporting private investors and securing the proper investment climate.<\/div>\n<div style=\"direction: ltr;\"><\/div>\n<div>\n<div style=\"direction: ltr;\">Meanwhile, Investment Minister Sahar Nasr commended the shopping mall&#8217;s establishment as it is the first investment zone to be set up under the new investment law.<\/div>\n<div style=\"direction: ltr;\"><\/div>\n<div style=\"direction: ltr;\">She said there are five investment zones housing 271 projects with a total capital of EGP 11 billion. These projects created 350,000 jobs.<\/div>\n<div style=\"direction: ltr;\"><\/div>\n<div style=\"direction: ltr;\">She noted that efforts are underway to establish additional 12 investment zones, adding that these zones are expected to generate about 500,000 direct and indirect jobs and lure about EGP 78 billion investments.<\/div>\n<div style=\"direction: ltr;\"><\/div>\n<div style=\"direction: ltr;\">She called on UAE businessmen to continue pumping investments into Egypt.<\/div>\n<div style=\"direction: ltr;\"><\/div>\n<div style=\"direction: ltr;\">City Center is Futtaim&#8217;s fourth shopping mall in Egypt, but the inauguration of this leading shopping mall marked the first-ever UAE-Egypt Friendship Celebration in line with the UAE government\u2019s commitment to cementing ties with Egypt.<\/div>\n<div style=\"direction: ltr;\"><\/div>\n<div style=\"direction: ltr;\">UAE and Egypt have launched a joint strategic investment platform worth $20 billion to implement vital economic and social projects.<\/div>\n<div style=\"direction: ltr;\"><\/div>\n<div style=\"direction: ltr;\">The UAE-Egypt Friendship Celebration\u00a0included a series of curated activities, including a signature fashion show featuring Emirati and Egyptian designers to a showcase of Emirati literature, cuisine and an Emirati film screening open for all to enjoy.<\/div>\n<\/div>\n<\/div>\n<div style=\"direction: ltr;\"><\/div>\n<div>\n<figure id=\"attachment_47910\" aria-describedby=\"caption-attachment-47910\" style=\"width: 757px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-47910 size-full\" src=\"https:\/\/www.csregypt.com\/wp-content\/uploads\/2019\/12\/05122019.jpg\" alt=\"\" width=\"757\" height=\"398\" srcset=\"https:\/\/csregypt.com\/wp-content\/uploads\/2019\/12\/05122019.jpg 757w, https:\/\/csregypt.com\/wp-content\/uploads\/2019\/12\/05122019-300x158.jpg 300w, https:\/\/csregypt.com\/wp-content\/uploads\/2019\/12\/05122019-620x326.jpg 620w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><figcaption id=\"caption-attachment-47910\" class=\"wp-caption-text\">Al Futtaim&#8217;s $ 580 m City Center in Egypt<\/figcaption><\/figure>\n<\/div>\n<div>\n<div>\n<div style=\"direction: ltr;\"><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>UAE Minister of Climate Change and Environment Thani Ahmed Al Zeyoudi said the 580-million-dollar City Center Almaza shopping mall in Egypt &#8211; which was set up by the UAE&#8217;s Al Futtaim Group &#8211; represents a pioneering project of green economy and environment protection. Zeyoudi and Egyptian Minister of Investment and International Cooperation Sahar Nasr opened [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":47910,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6262,984],"tags":[7630,6246,6402,6504],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Al Futtaim&#039;s $ 580 m City Center in Egypt is model of green economy, secures 40,000 jobs - Csr Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/al-futtaims-580-m-city-center-in-egypt-is-model-of-green-economy-secures-40000-jobs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Futtaim&#039;s $ 580 m City Center in Egypt is model of green economy, secures 40,000 jobs - Csr Egypt\" \/>\n<meta property=\"og:description\" content=\"UAE Minister of Climate Change and Environment Thani Ahmed Al Zeyoudi said the 580-million-dollar City Center Almaza shopping mall in Egypt &#8211; which was set up by the UAE&#8217;s Al Futtaim Group &#8211; represents a pioneering project of green economy and environment protection. Zeyoudi and Egyptian Minister of Investment and International Cooperation Sahar Nasr opened [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/csregypt.com\/en\/al-futtaims-580-m-city-center-in-egypt-is-model-of-green-economy-secures-40000-jobs\/\" \/>\n<meta property=\"og:site_name\" content=\"Csr Egypt\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/csregypt\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-08T13:30:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-09T16:54:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/csregypt.com\/wp-content\/uploads\/2019\/12\/05122019.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"757\" \/>\n\t<meta property=\"og:image:height\" content=\"398\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Marwa Zein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:site\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marwa Zein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/csregypt.com\/en\/al-futtaims-580-m-city-center-in-egypt-is-model-of-green-economy-secures-40000-jobs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/csregypt.com\/en\/al-futtaims-580-m-city-center-in-egypt-is-model-of-green-economy-secures-40000-jobs\/\"},\"author\":{\"name\":\"Marwa Zein\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec\"},\"headline\":\"Al Futtaim&#8217;s $ 580 m City Center in Egypt is model of green economy, secures 40,000 jobs\",\"datePublished\":\"2019-12-08T13:30:16+00:00\",\"dateModified\":\"2019-12-09T16:54:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/csregypt.com\/en\/al-futtaims-580-m-city-center-in-egypt-is-model-of-green-economy-secures-40000-jobs\/\"},\"wordCount\":406,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/csregypt.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/csregypt.com\/en\/al-futtaims-580-m-city-center-in-egypt-is-model-of-green-economy-secures-40000-jobs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2019\/12\/05122019.jpg\",\"keywords\":[\"#City Center\",\"#green economy\",\"#SDGs\",\"#UAE\"],\"articleSection\":[\"Egypt\",\"news\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/csregypt.com\/en\/al-futtaims-580-m-city-center-in-egypt-is-model-of-green-economy-secures-40000-jobs\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/csregypt.com\/en\/al-futtaims-580-m-city-center-in-egypt-is-model-of-green-economy-secures-40000-jobs\/\",\"url\":\"https:\/\/csregypt.com\/en\/al-futtaims-580-m-city-center-in-egypt-is-model-of-green-economy-secures-40000-jobs\/\",\"name\":\"Al Futtaim's $ 580 m City Center in Egypt is model of green economy, secures 40,000 jobs - 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