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| MONTHLY NEWSLETTER |
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 JUNE 2009 |
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SPONSORED BANNER
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EVENT NEWS: ICSC ASIA EXPO 2009: 14-16 October, 2009, Singapore ,
SPECIAL OFFER FOR MECSC MEMBERS -AVAIL OF A 20% DISCOUNT WHEN YOU REGISTER FOR THE CONFERENCE! |
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EVENT NEWS: The ICSC Foundation 2009 Community Support Awards: Call for Entries
Asia-Pacific, Middle East, and Africa |
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SHOPPING CENTRE NEWS: Bigger and Better Dubai Summer Surprises: From 600,000 visitors in 1998 to 2,100,000 in 2007, the footfall at the Dubai Summer Surprises (DSS) indicates its success more than anything else. |
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SHOPPING CENTRE NEWS: The Dubai Mall set to open UAE’s largest Cineplex: The Dubai Mall will soon open Reel Cinemas, the UAE’s largest cinema complex featuring 22 screens and a seating capacity of 2,800. |
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SHOPPING CENTRE NEWS: Shop design and dressing already underway at Mirdif City Centre: Mirdif City Centre, the flagship project of Majid Al Futtaim Group, has officially handed over its first retail unit for tenants to begin design and building work. Carrefour Hypermarket is the first of 430 world class retailers to prepare for the City Centre opening early next year. |
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SHOPPING CENTRE NEWS: Leasing open at SouqExtra Al Ain: SouqExtra has invited interested retail businesses to submit their proposals to lease space at it Al Ain centre. |
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SHOPPING CENTRE NEWS: Al-Futtaim to develop major real estate project in Morocco: Al-Futtaim Capital announced today it is in the final stages of acquiring a seven million square metre plot of land in Bouznika, Morocco, to develop a master-planned community encompassing a mix of residential, retail and leisure facilities. |
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SHOPPING CENTRE NEWS: Jeddah targets more car parking for malls: Shopping malls in Jeddah must have parking areas with a capacity of 500 cars instead of 200, according to new municipal regulations, it was reported on Sunday. |
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SHOPPING CENTRE NEWS: Riyadh mall bans smoking: Riyadh-based Sahara Mall became the first shopping complex in Saudi Arabia last month to prohibit smoking on its premises to mark World No-Tobacco Day. |
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SHOPPING CENTRE NEWS: Lulu to open new mall in Salalah: Salalah will soon have a three-floor shopping mall project with a total built up area of 322,800 sq ft, budgeted to cost over $72 million. |
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SHOPPING CENTRE NEWS: Cluttons appointed letting agent at Adhari Park: Cluttons has been appointed letting agent for the retail and dining precinct at Adhari Park by Adhari Park Development Co. |
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SHOPPING CENTRE NEWS: New Lifestyle Development in Doha: Al Wa’ab City, promoted by Nasser Bin Khaled & Sons Holding (NBK) a leading Qatari business conglomerate, is a mixed-use development currently being developed in the heart of Doha. |
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SHOPPING CENTRE NEWS: Emaar acquires Golden Ace debt: Emaar Properties, through its subsidiary Emirates Property Holdings Limited, has acquired $122 million worth of debt on Golden Ace Pte. Ltd's books. |
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SHOPPING CENTRE NEWS: MGM Mirage confirms plans to build resort in Egypt: MGM Mirage has confirmed plans to build the MGM Grand New Giza, a 550-room resort on the outskirts of Cairo. |
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RETAIL NEWS: Saudi Othaim to expand in Egypt: Yousef Algafari, Executive President of Saudi retail chain Abdullah Al-Othaim Markets Co, is eyeing expansion abroad, with Egypt as its first target, and will increase the number of its shops in Saudi Arabia to 103 from 83 by the end of 2010, Reuters reported. |
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RETAIL NEWS: Gov't offers retailers four-month licence for discounts: The Dubai government is granting retailers a four-month licence for discounts and promotions in a bid to shore up the city’s ailing retail sector. |
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RETAIL NEWS: Wendy's/Arby's to open 135 stores in Middle East: US fast-food chain Wendy's/Arby's Group has signed a deal with a Saudi Arabia-based franchisee to open 135 dual-branded restaurants in the Middle East and North Africa. |
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RETAIL NEWS: French luxury sector eyes greater Gulf presence: French luxury firms are seeking to increase their presence in the Gulf to help offset the impact of the global financial crisis on the sector, a group representing 70 top-end labels said. |
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RETAIL NEWS: ETA-Star Retail brings the original Barrio Fiesta restaurant to the UAE: ETA Star Retail and the Ongpauco family, owners of the original Barrio Fiesta chain of restaurants in the Philippines, signed an agreement to open its first restaurant in the UAE. |
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RETAIL NEWS: Dubai retailers optimistic: Dubai retailers have said that the worst may be behind them after the financial crisis sent sales plunging around 30% in the first part of 2009, according to Reuters. |
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STORE NEWS: A chunky version of the latest store openings, launches and news. |
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MEMBERS ON THE MOVE: Keep track of the latest changes in the industry! |
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| EGYPT |
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Adel Hodroj, Business Development Manager, Bonyan for Development & Trade
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Amir Youssef, Leasing Manager, Bonyan for Development & Trade
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Amr Shahine, Business Development Manager/Leasing Manager, Alexandria Property Management & Consultation Co.
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Karim Abou Samra, Retail Leasing Advisor, Bonyan for Development & Trade
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Noha Farouk, Client Relationship Manager, Bonyan for Development & Trade
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| INDIA |
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Susil Dungarwal, Founder & CEO, Squarefeet Management Pvt. Ltd.
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| JORDAN |
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Samia Shatara, Leasing Executive, Amwaj Properties
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| KUWAIT |
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Abdulaziz Al Mufarreh, Jr.Customer & Tenant Relations, Mabanee
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Abdulaziz Alhomaidi, Asst. Mall Director, Mabanee
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| PAKISTAN |
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Faisal Nadeem, Director, Dolmen (Pvt) Ltd
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| QATAR |
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Cecilia Prado, Executive Marketing & Leasing, Hyatt Plaza
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| SAUDI ARABIA |
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Nader Daouk, Mall Manager, Arabian Property Services
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| UNITED ARAB EMIRATES |
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Lionel Dore, Director, Davis Langdon LLP
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Miles Phillips, Director-UAE, Knight Frank Middle East
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Mukhalad Alasadi, Operation Coordinator, Marina Mall
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Soha Al Mokdad, Adjundt Instructor, American University in Dubai
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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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