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Sun 7 Sep 2014 01:14 PM

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Seef Properties looks to double its business

Bahrain firm's expansion plans include acquisitions and developing existing assets

Seef Properties looks to double its business

Bahrain-based mall operator Seef Properties is planning to double its business in the next two years, with multi-million dollar expansion plans.

The operator outlined its ambitious expansion strategy for the next five years, with a combination of acquisitions and developing existing assets in Bahrain, according to its general manager, Robert Addison, speaking to Gulf Daily News.

The company’s current project, a 70,000 square metre mall in Muharraq, is due to open next November at a cost of $53m (BD20m).

The joint venture with Muharraq Mall Company will be anchored by Geant Hypermarket and a 14-screen cinema complex operated by Dubai-based Grand Cinemas.

The company has also recently reopened its Magic Island indoor theme park at Seef Mall, after a $7m refurbishment.

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