Register | Forgot password?
Switch to Arabic
Thursday, November 26 - 2009

Mall of Arabia inks deal with Azadea

  • United Arab Emirates: Wednesday, March 21 - 2007 at 16:13
  • PRESS RELEASE

The Ilyas and Mustafa Galadari Group signed a contract this week with Azadea Group, one of the world's fastest growing retail groups.

Article continues below
  • From left to right: Mustafai Galadari, Vice Chairman and Managing Director of I & M Galadari Group Hassan Daher, Managing Director, Azadea Group and Ilyas Galadari, Chairman of I & M Galadari Group.
    From left to right: Mustafai Galadari, Vice Chairman and Managing Director of I & M Galadari Group Hassan Daher, Managing Director, Azadea Group and Ilyas Galadari, Chairman of I & M Galadari Group.
The Mall of Arabia will contain 37 separate stores from the Azadea franchise portfolio of over 30 top brands which include Zara and the Virgin Megastore. The signing, which took place during the MECSC (Middle East Council of Shopping Centres) Annual Convention on 19-20 March, is the first tenant announcement for the Mall of Arabia which is already 80% leased.

Speaking about the new contract, Hassan Daher, Managing Director, Azadea Group said,

"The Mall of Arabia is one of a new breed of shopping malls with a radically different design and a world class entertainment element. We are confident that Azadea Group will play an instrumental part in making it a lead visitor draw in the GCC."


The Mall of Arabia with a GLA of 10 m sq ft (Inc Phase 1 & 2), will be the largest in the region and one of the largest in the world. The retail areas of the mall have been carefully planned on a radial grid, to allow customers easy navigation within the Mall. The shopping areas are grouped in zones, which will enable customers to shop in the most efficient way. At the same time, the retailers get good visibility on all Mall circulation routes, with a tenant mix that will create synergy between the brands. There will be an "aspirational" area for luxury haute couture shopping, and a strong "inspirational" section with the latest fashions. In addition there will be children's play areas; technology areas; clusters of house and home, and sports and lifestyle, outlets; gold souqs; over one hundred food outlets, ranging from top restaurants to quick snack-bars; a 15-screen cinema complex; bowling alley and a major international hyper-market.

The Mall will be linked on Level 2 to the other major draw in City of Arabia, the Restless Planet dinosaur theme attraction which is expected to raise the bar for theme parks in the region and set a new standard for the Middle East. The Restless Planet is already attracting a significant amount of attention internationally as one of the best theme park attractions currently under construction.

Speaking after the signing took place, Mustafa Galadari, Vice Chairman and Managing Director of Ilyas & Mustafa Galadari Group, commented, "Signing with Azadea Group is tremendously important to us as they have a significant presence in the region. The Gulf retail sector is the fastest growing in the world and the Mall of Arabia, with top level retail groups such as Azadea onboard, is keen to play a major part in this growth."
Also consider reading:
Log in to request more information from I & M Galadari Group

Notes and media contacts

For more information on City of Arabia please contact:
Jane Daly
Account Manager
GolinHarris
Capricorn Tower, 7th Floor
Sheikh Zayed Road
P.O.Box 116462 Dubai, UAE
t: +971.4.332 3308 ext: 204
m: +971.50.6553084
f: +971.4.331 6733

Martina Rohel
Ilyas & Mustafa Galadari Group
PO Box 114444, Dubai, UAE
Tel: +9714-3311022
Fax: +9714-3322311
Or call toll free on 800-8-800

Ilyas & Mustafa Galadari Group

The Ilyas and Mustafa Galadari Group is a dynamic young company owning a number of diversified companies in Dubai. The most high profile of these, the Ilyas and Mustafa Galadari Management Investment and Development Company, is developing the key downtown area of Dubailand, the City of Arabia.

Sunseeker Middle East has now joined the Ilyas and Mustafa Galadari Group, who have declared their intention of increasing the market in the Gulf and Levant for yachts across the whole Sunseeker range, from 35 feet to 120 ft in length. The IMG Group is also a major player on the Dubai transport scene. It owns a large taxi-fleet, Metro Taxi, with an associated driving school, the Galadari Motor Driving Centre, and workshops, (the Metro Auto Repairing Branch), which together operate over 1100 vehicles of all descriptions. In addition the Group owns one of the largest cold stores complexes in Dubai. Ilyas and Mustafa Galadari also own a jewelry company, which deals in gems and precious stones, a kitchen equipment company, and a company which supplies upholstery to the automotive, boating and hospitality sectors, and is specialized in customizing Range Rovers, Mercedes, BMWs and other luxury cars.

AZADEA GROUP
Azadea Group is one of the world's fastest growing retail groups. The Group carries a strong franchise portfolio of over 30 diverse brands that features some of the industry's most identifiable names, including Zara, Mango, Virgin Megastore and Sunglass Hut.
Azadea Group headquarters are in Beirut, Lebanon. A comprehensive network of local offices supports the Group's operations in the Middle East and Europe. Currently, Azadea operates 152 strategically located stores across the Middle East and plans over 500 additional shops' opening through the 3 coming years.
Azadea Group's vision is to lead the way in providing quality lifestyle choices and be admired for its values, the way it does business and the people it employs.

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions