MANILA – SM Prime is set to open a new mall in Nueva Ecija on Friday, October 9, its 53rd mall in the country.
 
SM City Cabanatuan is the second mall in Nueva Ecija after SM Megacenter Cabanatuan.
 
The new mall, located along Maharlika Highway in Cabanatuan City, provides an additional 154,020 square meters (sqm.) in gross floor area, expanding SM Prime’s total retail space in the country to 6,762,419 sqm.
 
“The opening of SM City Cabanatuan is SM Prime’s commitment to be part of the growth of the province. The opening of new malls is timely given the expected higher growth in overall consumption in the 4th quarter. The economy’s sustained GDP growth in the past five years is now spreading to the provinces and we at SM Prime will continue to expand in these provinces that are enjoying high growth, like in Cabanatuan City, where we see significant development and huge unserved demand for shopping experiences,” SM Prime president Hans Sy said.

Ms. Kris Aquino at the blessing of SM City Cabanatuan, which opens tomorrow, October 9.Photo courtesy of SM Malls Facebook
 
SM City Cabanatuan is the third SM mall to open this year. Two more SM malls are expected to open within the year in Caloocan and Cebu.
 
The Sy family is the richest clan in the Philippines with a net worth of $12.3 billion, according to Forbes Asia.