Construction has started on Doha’s QR3bn ($820m) Mall of Qatar, which will be the largest retail centre in the Gulf state when it is completed in September 2015.
The mall will house more than 400 outlets across a floor space of 400,000 sqm and will also include its own integrated metro station and parking for more than 7,000 vehicles.
It will also feature cinemas, 20 international restaurants, a luxury hotel and a three-storey high marketplace.
“We are launching the Mall of Qatar at a time when there is clearly enormous untapped demand for quality integrated shopping, dining and entertainment facilities in the country,” said Shem Krey, deputy managing director of Mall of Qatar.
“We expect to have a large market share even with competition coming up in the next few years,” Krey added.
The project has been designed and developed by UrbaCon Trading and Contracting, which will also operate the centre when it opens. The owner of the mall has not yet been disclosed.
Mall of Qatar will be located at the intersection between Al Rayyan Highway and Celebration Road, an area that will also be the future home of one of Qatar’s FIFA 2022 World Cup stadia.
According to real estate advisory firm DTZ, around ten new major retail projects are set to come online in Qatar over the next two years.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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