Cairo Festival Centre is one of the new retail developments in the pipeline.
Major retail complexes in countries including the UAE, Qatar, Egypt and Lebanon are among new shopping malls set to open in the Middle East over the next three years.
From the new Fujairah City Centre mall in the UAE to Muscat’s Grand Mall in Oman, each promises to offer the region’s consumers a vast array of shopping, restaurant and entertainment amenities.
Among the major new developments are Al Futtaim Group’s US$1.65bn Doha Festival City, slated for completion in 2014, which will feature well-known retail names including Toys R Us and Marks & Spencer. The complex will cover 433,847sqm and includes parking for 8,500 vehicles.
Despite missing its initial delivery date of 2011, the 235,000 sqm Yas Mall in Abu Dhabi has signed up a number of heavyweight retail partners, including the Landmark Group, Dubai Holding Group and Liwa Trading.
While the economic situation may be faltering, consumers’ retail appetites are not, it would seem