Hot links: The week’s Mideast retail property news

International Council of Shopping Centers's picture
Printer-friendly versionPrinter-friendly version

Publish Date: August 13, 2014


Here's a roundup of what regional news organizations in the Middle East are reporting about the local retail real estate business.

• Retail increasingly important to Dubai's economy — Maclean's The proposed 8 million-square-foot Mall of the World is only the latest indication that Dubai is poised to compete with other international retail capitals as a shopping behemoth.

• No taste for small malls in Dubai — Gulf News With such giant projects as the 8 million-square-foot Mall of the World in the pipeline, retail real estate developers might shy away from building anything that is small in Dubai.

• Just Falafel plans 85 units in Egypt — Arabian Business Just Falafel, an Emirates-based restaurant chain that is expanding globally, opened in Marassi, a resort on Egypt's northern coast.

• U.A.E. jeweler opens Fujairah unit, expanding — Zawya U.A.E.-based Pure Gold Jewellers, which operates several stores around the Middle East, has opened an outlet in Lulu Mall, located the emirate Fujairah.

• Saudi grocer Savola gets new chief exec — Fresh Plaza Savola, which operates Panda, the largest grocery chain in Saudi Arabia, named Abdulla Mohammed Noor Rehaimi as its new chief executive.

• Dubai's BurJuman not fazed by competition — Zawya Despite the arrival of numerous competing malls in Dubai, BurJuman, a shopping centre that opened in 1991, is still a hit with residents and tourists.

• Doner Kebab expanding — Gulf Business Germany-based restaurant chain Doner Kebab plans to open 12 units in Dubai this year, spending AED20 million [$5.4 million] and bringing its total to 20 stores in the area.

• Malabar Gold raises funds for 14 new stores — The Peninsula Malabar Gold & Diamonds, a jewelry chain based in Dubai, raised AED300 million [$81.7 million], to open 14 stores around the Gulf and in Singapore.

• Qatar Mall scores branding goal — ConstructionWeekOnline Qatar Mall, which will open in next year's third quarter and feature 400 stores among other amenities, will incorporate the FIFA World Cup logo as part of its design.

• Dubai tower to include retail — Arabian Business Al Manara Tower, a $55 million apartment complex being built by Tiger Properties in Dubai's Jumeirah Village Circle, will include retail as part of its plans.

• Smartphones sell big during Dubai Summer Surprises — Gulf News Dubai Summer Surprises, a retail-centred event intended in part to increase tourism to the city that lasts until early September, has so far seen strong demand for smartphones and electronics, retailers report.

• Oman urges customers to demand receipts — Times of Oman The Public Authority of Consumer Protection in Oman started a campaign to urge shoppers to ask merchants for receipts.

• Istanbul firm to operate Oman airport retail — Oman Daily Observer ATU Turizm Istelmeciligi, based in Istanbul, was chosen to run the duty free, retail and dining outlets at the Salalah International Airport, in Oman.

• Some Qatar shoppers demand price regulation — The Peninsula Some consumers in Qatar say that neighbourhood convenience stores are marking up their prices beyond reason and want the government to regulate the industry.

Copy this html code to your website/blog to embed this press release.