Page 13 - July 2021

middle east news inbrief

UAE RETAIL GIANT TO BREAK

GROUND ON FLAGSHIP FLYING TIGER SET TO EXPAND
The company, which sells everything from
teapots to games at affordable prices, is planning
UAE-based retail company Majid Al a significant expansion involving hundreds of
Futtaim has announced that its flagship new shops across the world. Most of these
Mall of Saudi development is set to new shops will be located in the Middle East.
break ground by the end of this year. The The expansion into the Middle East is set to be
company said in a statement that it has done with a new franchise model.
awarded a four-year contract to global
infrastructure consulting firm AECOM
to provide lead consultancy services for SAMSUNG TO ADD KSA UNITS
the project. The brand has partnered with Veda Holding,
The mall of Saudi is expected to house a business incubator based in Riyadh, Saudi
over 600 stores, host the largest ski slope Arabia to bring the new experience stores to
and snow park in the Middle East, luxury life. Samsung Experience stores are destinations
hotels and branded residences covering for customers to explore, play learn and
approximately 2,000 keys and spanning solve problems.
214,000sq m of built-up area. The mall will
feature a flagship Carrefour hypermarket
and 31 VOX Cinema screen, including the MEGA MART OPENS ITS DOORS
world’s largest IMAX and a Magic Planet. The unique, medical and commercial complex
located in the heart of Busaiteen has announced
SHARJAH UNVEILS $53M WORTH the opening of Mega Mart, a renowned
supermarket with a well-established reputation.
OF BEACH PROJECTS The newly opened store is the brand’s 15th store
location in the Kingdom of Bahrain.

The Sharjah Investment and Development by November 2022. Shurooq said that the
Authority (Shurooq) has announced the child-friendly facilities at Al Luluyah Beach IL PASSAGGIO READY TO GROW
launch of two new beach development will feature caravan camping, a swimming The Mediterranean-inspired restaurant will launch
projects, worth a total of $53.6M, as the island with slides, trampolines, nets and a new outlet at Jumeirah Park Club House this
emirate seeks to enhance its tourism sector. swing ropes and a miniature swimming pool. September. Since opening its first outlet at The
The upcoming Al Luluyah Beach project, Another section, the Adventure Beach, is Pointe in September 2020, il Passaggio has enjoyed
located on the eastern coast of the emirate being designed to feature a zipline station, great success which has encouraged the expansion.
in Khorfakkan, and the Al Hira Beach climbing garden, leisure nets, loungers, The new restaurant will feature over 150 seats.
project in Sharjah city, will include children’s resting stations and other water sports.
playgrounds, restaurants, cafes and multiple An integral element of the Al Luluyah
retail outlets. Beach development project is the plan to ALDAR TO EXPAND PROJECT
The Al Luluyah Beach development plan transform the adjoining Souefeh mountain Developer Aldar has begun work on the final
also includes a women-only beach, public into an adventurer’s paradise called the phase of Saadiyat Reserve project. Set to be
beaches and swimming pools. The plans were Adventure Mountain. completed by Q4 2024, Saadiyat Reserve The
announced by Marwan bin Jassim Al Sarkal, Meanwhile, Shurooq also revealed that Dunes is made up of 83 luxury villas with
Executive Chairman of Shurooq. Stretching work on the Al Hira Beach development access to community retail, a school, mosque,
across the 1.6km Luluyah coastline, work project commenced in February and is fitness areas, sports courts and swimming pools
on the project will commence in the next scheduled to be completed in October of all set to be included in the masterplan.
few months and is scheduled for completion this year.

JULY 2021 RETAIL & LEISURE INTERNATIONAL 13