Major mall developers are targeting Sharjah’s retail sector as demand surges.
The new mall is located in Mohammed bin Zayed City.
The Pointe, a new Dhs800 million mall on Palm Jumeirah, is scheduled for completion in 2016.
The mall – measuring 2.5 million sq ft – will operate 400 stores and a 20-screen cinema.
McDonald’s UAE invested Dhs32 million in 2013, with 11 new stores and five renovations.
Emaar’s flagship mall also saw sales increase by 26 per cent last year.
TECOM Investments sold one million square feet of land at its International Media Production Zone.
The UAE-based conglomerate reported revenue of Dhs23 billion for 2013.
The company expects to complete construction of its ‘Mall of Egypt’ project near Cairo by the end of 2015.
The ‘Launching People’ initiative aims to help transform ideas into reality in four areas – fashion, education, invention and start-ups.
Fast food chain plots Asian and European expansion on top of openings in UK and North America.
Executive vice chairman Colm McLoughlin said the company will focus on the new Al Maktoum International airport.
The Swiss group, which owns 20 brands, saw its watches and jewellery segment grow by more than 10 per cent.
The UAE restaurant chain has signed five area franchise agreements with different partners across North America.
The company’s Foodmark branch plans to open 80 stores across the region over the next 10 years.
Perfumes, liquor and gold were the best selling products in 2013.
Themed ‘Shop At Your Best’ the festival this year features 150 events and activities.
Lower demand and higher local wages are expected to drag growth in Saudi Arabia’s retail sector, says NCB Capital.
Both firms are franchisee holders for the distribution of Pepsi Co products.
Brands in the Middle East are failing to deliver loyalty programmes relevant to consumers’ needs, according to a survey.
The mall, set to become the largest shopping destination in the Sultanate, will house 350 stores.
The company plans to open 50 restaurants across the Kingdom in the coming years.
The retailer plans to invest over $1 billion annually over the next five years on expanding its business.
UAE’s strong growth in its retail sector is expected to boost the country’s apparel industry.
Mall of Qatar’s general manager says the complex will set the standard for malls internationally.
The group hopes that the investment will create employment opportunities for around 1800 to 2000 people.
The UAE’s e-commerce industry has good growth potential and infrastructure but poor consumer behavior and market size.
The luxury accessories retailer is selling the concept of ‘affordable luxury’ to Middle East’s shoppers.
MAF was in advanced negotiations to buy Mansour Group’s Metro chain and discount grocery store.
MAF’s expansion plans come on the back of a potential retail boom in Sharjah.