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Middle East Council of Shopping Centres

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Middle East Council of Shopping Centres
PO Box 43972, Dubai, United Arab Emirates; Ph: +971.4.3597909,  Fax: +971.4.3558818
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MONTHLY NEWSLETTER Upcoming Events FEBRUARY 2010


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HEADERS Editorial
UAE, QATAR CAPITALS TO SEE GULF'S LARGEST RETAIL GROWTH
Abu Dhabi and Doha will see the greatest retail growth in percentage terms in the Gulf over the next five years, according to the latest report by Retail International.More

CAIRO – OPEN FOR GLOBAL REAL ESTATE BUSINESS
Jones Lang LaSalle recognizes the strategic position of Cairo as a gateway to Africa and the Middle East for regional and international investors and occupiers; The company has announced that it is opening a full service real estate investment advisory operation in Cairo in Q1 2010.More

MALLS ON THE LINE
For a country known for its love of conspicuous consumption, Lebanon has surprisingly few malls. But will the new wave of openings prove to be overkill?More

MECSC SHOPPING CENTRES DIRECTORY 2010 - 2011 EDITION
Call For Entries! Submit your complimentary mall listing by March 25, 2010.More

NEWS BYTES News Bytes
Event News: RECon MENA 2010 Conference Delegate - SUPER SAVER OFFER!: Get US$ 500 off when you register and pay before 1 April, 2010.
Event News: Professional Development Programs in March 2010: Discuss, learn and gain insights... Network with your peers in the retail real estate industry! Two Day Training Workshops
Event News: MECSC Workshop in India - Mall Merchandising and Retail Leasing Workshop: March 29 - 30, 2010 in Mumbai, India
Shopping Centre News – Algeria: Shop Happy: Now, with the economy set to post higher rates of growth, Algerian shop owners at all levels are looking forward to an improved turnover in 2010.
Shopping Centre News – Bahrain: New Bahrain Mall on the Way: A new mall with a hypermarket, cinema, children's play area and restaurants is to be built in Saar, Bahrain.
Shopping Centre News – Iraq: New Shopping Mall Under Construction in Iraq: The large mixed-use development “Mane Mall” is set to bring a number of famous global brands to the Iraqi people.
Shopping Centre News – Saudi Arabia: SR50bn Tourist City Planned in Al-Ahsa Region: A fully-fledged tourist city is being developed in the eastern coastal city of Al-Oqair at a total cost of SR50 billion.
Shopping Centre News – UAE: Al Ain Mall Expansion Set to Open in mid 2010: Soft opening of Phase 1 of the extension is scheduled for mid 2010 with the grand opening in Sep 2010.
Shopping Centre News – UAE: Banks Open for Business as Restaurants and Shops Take Shape at The Galleries: Growing appetite for retail space at Limitless mixed-use project.
Shopping Centre News – UAE: Dubai Pearl Wins LEED Recognition: Dubai Pearl, the 20 million sq ft integrated sustainable destination, has attainted pre-certification from the US Green Building Council (USGBC) at the Gold level for Leadership in Energy and Environmental Design (LEED).
Shopping Centre News – UAE: Crystal Fountains Showcases New Water Features at Al Ghurair Mall Extension: The Canadian company, based in Toronto, is installing two stunning water fountains into both the north and south atria of the 218,000 square metres expansion of the Al Ghurair Centre, one of Dubai’s original shopping malls.
Retail News – Iraq: Al-Futtaim to Open Carrefour Branch in Iraq: The UAE company with the licence to operate the Carrefour SA franchise in the Middle East is looking to open its first store in Iraq as part of a wider expansion plan in the region.
Retail News – Middle East: House of Fraser to Open Middle East Stores: UK department store group House of Fraser has signed a franchise agreement with the aim of expanding into the Middle East market.
Retail News – Middle East: Samsonite Plans Middle East Expansion: Samsonite Middle East is planning to open over 25 new stores in the next 3 years of which 10 will be opened by end of 2010.
Retail News – Middle East: UAE-based Gourmet Gulf Company Eyes Mideast, India Expansion: Gourmet Gulf Company, a pioneering food and beverage retail company operating top-tier brands in the Gulf region, has unveiled ambitious expansion plans for the Middle East and India, with its franchise-driven strategy targeting 100 units by 2014.
Retail News – Middle East: World Famous Toy Store Eyes Mideast Expansion: Hamleys, the world-famous toy retailer, is looking to expand further in the Middle East, following the success of its first store in Dubai Mall, the company said on Monday.
Retail News – Qatar: Alfardan Jewellery to Open World’s Largest Showroom: Alfardan Jewellery, Qatar’s leading jewellers, said it was set to open the world’s largest jewellery showroom at The Pearl-Qatar luxury island in April 2010.
Retail News – Qatar: AMG Showroom at 'The Gate': NBK Automobiles, Qatar's exclusive AMG dealers, and Salam Bounian, the mastermind developers behind Doha West Bay's prestigious project, "The Gate", announced the upcoming launch of the Middle East's first AMG standalone showroom.
Retail News – Saudi: Saudi's Jarir Sees 2010 Profit Growth at 15%: Saudi bookstore and office supplies retailer Jarir Marketing Co. made a net profit of 374 million riyals ($99.73 million) - or 9.35 riyals per share - in 2009, up 12.4 percent from 2008.
Retail News – Saudi: Saudi Retail Sales to Hit US$ 97bn in 2013: Consumer spending per capita is predicted to rise by more than 24% by 2013.
Retail News – Saudi: Saudi Retailer Signs Deal for Official FIFA Shops: Saudi retailer Fawaz Alhokair and Company (FAAHC) announced that it had signed a four-year deal to open FIFA Official Stores in the Middle East.
Retail News – UAE: Dubai High Fashion Retailer Launches Online Store: Dubai high fashion retailer Boutique 1 announced the launch of its online store, Boutique1.com.
Retail News – UAE: Dunkin Donuts Named No. 1 in Customer Loyalty for Fourth Consecutive Year: Dunkin' Donuts, one of the largest coffee and baked goods chains in the world, has been recognized as number one in customer loyalty in the coffee category by Brand Keys Customer Loyalty Engagement Index.
Retail News – UAE: IKEA Plans Flagship Store in Abu Dhabi in 2011: IKEA UAE, part of Al-Futtaim Group, said it expects to serve nearly 1.3 million visitors in the first year of operations when it opens for business on Yas Island, the new leisure and entertainment destination under development in Abu Dhabi by Aldar Properties, in early 2011.
Retail News – UAE: Inside Bloomingdale's Dubai: US retail giant Bloomingdale’s opened its first store outside the US in The Dubai Mall, a 200,000sq ft emporium that bridges fashion, accessories and homewear in a $73m investment with UAE-based luxury retailer Al Tayer Group.
Retail News – UAE: UAE's Retail Industry Reaps the DSF Harvest: UAE retailers seem more comfortable and are positive that business will be much better in 2010 than last year after getting a much-needed impetus from the Dubai Shopping Festival.
STORE NEWS: A CHUNKY VERSION OF THE LATEST STORE OPENINGS, LAUNCHES AND NEWS
INDUSTRY VACANCIES: View the latest job vacancies in the retail real estate ndustry
SPECIAL OFFERS EXCLUSIVE FOR MECSC MEMBERS
MEMBERS ON THE MOVE: Keep track of the latest changes in the industry!
NEW MEMBERS New Members
EGYPT
Ali Abo El Ela, Leasing Manager, Bonyan for Development & Trade
Mohamed Hamdy, Chief Financial Officer, Bonyan for Development & Trade
Moutaz Salah, Leasing Manager, Bonyan for Development & Trade
Tamer Emam, Senior Leasing Advisor, Bonyan for Development & Trade
KUWAIT
Mai Faraj, General Manager, Capitalplus
LEBANON
Joanna Chaanine, Deputy Leasing Manager, ABC Sal
QATAR
Savitha Sooraj, Sr. Executive- HRD, Qatar Central Markets Co. WLL
SAUDI ARABIA
Hosam AlJammal, Electrical Engineer, Abdul Rahman Saad Al Rashid Co.
Oras An Nayef, Mechanical Engineer, Abdul Rahman Saad Al Rashid Co.
TURKEY
Izzet Dundar, Service, Botas International Ltd.
UNITED ARAB EMIRATES
Antonio Luis Bautista, President/C.O.O, Gourmet Gulf Company LLC
Emily Crutcher, Manager, Jones Lang LaSalle
P. Madhusudan, Director of Finance & Administration, Al Bustan Centre & Residence
Xonu K.S., Marketing Coordinator, Horwath Mak Business Consulting
DISCLAIMER: The views expressed in this document are those of the contributor(s) and no liability can be accepted for any omissions, errors of fact or opinion.

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