Al Ghurair signs up top firms for $544m expansion
Dubai, April 22, 2013
Al Ghurair Centre in Dubai has signed up three of the region’s biggest retail conglomerates to its new Dh2 billion ($544 million) expansion project.
Landmark Group, Al Futtaim Group and Azadea Group have all committed to bringing a wide mix of retail brands to the expansion of the existing Al Ghurair Centre. The expansion is scheduled to open end of summer 2013.
The shop line-up will include major brand names like Marks & Spencer, Mango and Iconic.
There will also be several brands making their UAE debut, including fashion lines George, Crazy 8 and Calzedonia, as well as accessories concept Iam.
“The thinking was to bring in a mixture of popular brands that are well known in this market and new brands that have a strong international track record,” said Ibrahim Al Ghurair, managing director of Al Ghurair Properties.
“We see an opportunity to expand the mid to upper offering so we wanted to create a mix that targets affordable ‘edgy urban’ fashion – brands that are current and fashionable, but accessible to a wide range of shoppers.”
Scheduled to open in summer 2013, the Al Ghurair Centre mall expansion will boast an additional 375,000 sq ft of gross leasable retail space with 150 new stores, taking the total number to 350 stores and 855,000 sq ft of gross leasable area.
Family entertainment will come in the form of Sparky’s – the premium entertainment brand owned and operated by the Saudi-company Al Hokair Group.
The hotel management company Rotana kicked off the expansion in December with the opening of the Al Ghurair Rayhaan five-star luxury hotel and the Al Ghurair Arjaan serviced apartments. - TradeArabia News Service