Majid Al Futtaim, a leading shopping malls, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has signed a solar power agreement protocol at the United Nations Climate Change Conference COP28 in Dubai with engazaat, the award-winning solar water company focused on providing innovative clean technology in the Middle East and Africa, to provide 20+ megawatts of solar power capacity in four Majid Al Futtaim properties in Egypt and Lebanon.
engazaat’s solar plants will generate 737 million kilowatt-hours of clean electricity all over the project’s lifetime to power Majid Al Futtaim Properties retail assets including Mall of Egypt, City Centre Maadi, City Centre Alexandria in Egypt, and City Centre Beirut in Lebanon. The solar systems on the rooftops and carports of the four properties are expected to offset over 3 million metric tons of carbon dioxide emissions over a span of 25 years.
Khalifa Bin Braik, Chief Executive Officer of Majid Al Futtaim – Asset Management Businesss, said: “We take pride in our partnership with engazaat, a collaboration that stands as a testament to our unwavering commitment to implementing sustainability practices across our assets in the region.”
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