GulfBase Live Support
31/12/2011 08:39 AST
Capital Mall, a new $292m retail destination in Abu Dhabi offering nearly 280 stores, is set for a soft opening in the first quarter of next year.
Manazel Real Estate said the retail mall will spread over three storeys spanning 60,158 sq m and housing 278 brands, as well as entertainment zones, restaurants and cafes.
Mohamed Mehanna Al Qubaisi, chairman of Manazel Real Estate, said: “Capital Mall has been completed in accordance to its proposed deadline, built according to quality and environmental protocol procedures.”
He added that Manazel has signed contracts with “several large local and global brands”, led by Geant Hpermarket.
He said Capital Mall will be ready for its soft launch during the first quarter of 2012, with its official opening set for the following quarter.
Al Qubaisi added: “Capital Mall will contribute to introducing new life into the area and will revitalize it in accordance to the Abu Dhabi 2030 vision of residential development within the new Capital District area.”
Arif Shaikh, managing director of Retail Arabia the operating company for Géant, added: “Our decision to open Géant hypermarket at the Capital Mall is because of the prime location... This will also help strengthen the Geant brand in the region and give us economies of scale with suppliers to negotiate good deals and prices to ensure our customers get maximum value.”
Saudi Gazette
05/04/2018
Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa
Arab News
05/04/2018
In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.
A massiv
Arab News
05/04/2018
Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices
The National
05/04/2018
Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re
Times of Oman
05/04/2018
Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i
The Peninsula