Majid Al Futtaim and International Workplace Group Partner to add Multiple Workspaces across the Middle East and Africa
Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, is opening five state-of-the-art Regus and Spaces locations across Oman, Egypt and the UAE, in partnership with IWG, the world’s leading provider of hybrid work solutions.
The announcement of these new locations within Majid Al Futtaim’s shopping malls comes on the heels of IWG posting its highest-ever half-year revenue in its 34-year history, due to the rapid adoption of the hybrid working model. The flexible workspaces will open in Mall of Egypt, City Centre Qurum, City Centre Sohar, City Centre Me’aisem and City Centre Deira. The spread of hybrid working has led to extraordinary growth in the number of IWG centres, with 612 new locations added globally between January and end of September 2023. IWG’s Middle East and Africa network will now operate 136 locations across the region.
He added: “The desire for flexible and high-quality workplaces is increasing, as is reliance on the hybrid working model. “We are excited to work with IWG to expand the Regus and Spaces brands through a management agreement that will add five modern workplaces in Oman, Egypt, and the United Arab Emirates.”
Situated in the most populous city in the United Arab Emirates, two new hybrid workspaces are also set to launch in Dubai. Regus Me’aisem at City Centre Me’aisem, an 1,877-sqm cutting-edge new centre, is scheduled to open its doors in August of next year. Regus Deira at City Centre Deira, located in the heart of city, will be a 1,180-sqm workspace available to working community of the UAE in August 2024.
Scheduled to open January 2024, Regus Qurum at City Centre Qurum in Muscat will provide 805-sqm flexible workplace, offering customers all the amenities they could need at their fingertips. This new Regus centre will deliver an inspiring space to focus, connect, and collaborate with colleagues, clients, and other like-minded businesses.
Situated 200km north-west along the coastline from Muscat, Sohar is a great location to establish further footprint in Oman. The new Regus Sohar at City Centre Sohar, spanning 704-sqm, will be the first modern, flexible workspace to provide hybrid working solutions in area.
With explosive market growth as companies of all sizes adopt hybrid working for the long-term, it is predicted that 30% of all commercial real estate will be flexible workspace by 2030. With IWG, partners are able to capitalise on this fast-growing sector, while being supported by IWG’s unparalleled experience.
These strategic expansions and partnerships are part of IWG’s ongoing commitment to provide flexible workspace solutions tailored to the evolving needs of businesses and professionals in the Middle East and across the globe. With a diverse range of options and locations, IWG empowers individuals and companies to work more efficiently and effectively, regardless of their size or industry.