The project will cater to Al Ruwais' growing population which is expected to hit the 40,000 mark by 2010, when the shopping centre will be operational.
Al Ruwais Shopping Centre will serve the families in Al Ruwais, as well as surrounding cities including: Al Marfaa, Delma Island, Gyathi, Al Ghowifat, and Sella.
These cities add a further 33,000 people to the numbers of people and families that will have a shopping destination within reach. Currently residents of these outlying cities travel to Abu Dhabi for leisure and shopping which is a distance of approximately 240 kilometres.
"We are pleased to see Al Ruwais grow from an industrial complex into a full-fledged urban centre and we feel duty-bound to contribute to this growth.
It is a top priority for Aldar to cater to the needs of all of the residents in the Emirate of Abu Dhabi," commented Ahmed Ali Al Sayegh, Chairman, ,Aldar Properties.
Ronald Stephen Barrott, CEO, Aldar Properties said, "Aldar's projects are developed with unique identities which reflect the sensibilities of its inhabitants.
This shopping centre in Al Ruwais reflects the immediate needs of this community, which is growing at a substantially higher rate than the surrounding areas.
Al Ruwais Shopping Centre will include the largest supermarket for Al Ruwais which will be a great addition to Al Ruwais and will create a significant amount of convenience for those residents."
The shopping centre will cover a gross built area of over 40,000 square metres.
With 99 retail outlets, the Al Ruwais shopping centre will offer an array of fashion and accessories in addition to household items with the development of the largest supermarket centre for Al Ruwais.
Food and beverage outlets, a children entertainment centre, and a Warner Bros. cinema complex will bring the community together in a relaxed, entertaining environment.
With Al Ruwais just few minutes off the international highway linking the UAE with Saudi Arabia and Qatar, Al Ruwais Shopping Centre will be a convenient stop for travellers who can enjoy the quality amenities, as well as food and beverages that the shopping establishment will have to offer.
The Al Ruwais Shopping Centre is scheduled for completion in 2010.
Browse
related articles
Aldar launches retail destination in Al Ruwais
- United Arab Emirates: Monday, June 09 - 2008 at 15:50
- PRESS RELEASE
Aldar Properties, the leading integrated property development company is launching a double-storey shopping centre in the industrial city of Al Ruwais.
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Log in to request more information from Aldar Properties
Notes and media contacts
About Aldar Properties:Aldar Properties PJSC is a premier real estate development, management and investment company with headquarters in Abu Dhabi, UAE. Aldar was established to create world-class real estate developments for Abu Dhabi, while providing stable and profitable investment portfolio for all our investors and stakeholders
Aldar Properties PJSC is spearheading the development of Abu Dhabi; entrusted to create multi-billion Dirham civic projects to develop the capital, establishing new sectors for commerce, housing, retail and leisure. Aldar's vision is to establish Abu Dhabi as the United Arab Emirate's most dynamic forward-thinking real estate market by creating unique and prestigious developments that can be used as a benchmark of quality, whilst adhering to the cultural and natural heritage of the city.
Since its inception in 2004 through a share offer (IPO) of Dhs1.5bn ($408m) on the Abu Dhabi Securities Market, Aldar has already announced more than $65bn worth of developments. The Aldar issue, the largest IPO in the history of the UAE at the time, was 448 times oversubscribed and raised an unprecedented Dhs373bn ($102bn) in demand. Aldar's market capitalization is Dhs25.8bn ($7.0bn) as of April 16th 2008. Total retail area across all developments is currently over 1.5 million square meters.
The company is owned by leading Abu Dhabi institutions, founder shareholders and individual investors. The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate such as Central Market, Al Raha Beach, Coconut Island, Noor Al Ain, Al Gurm Resort, Al Mamoura - the Mubadala Development Company and Environment Agency Abu Dhabi Headquarter Building, and the YAS Island project which is to include a Warner Bros and a Ferrari theme park.
Aldar's first international expansion was announced in August 2007 via a tie-up with South Johor Investment Corp (SJIC) in a deal that represents the largest foreign real estate development in Malaysia. This was followed in October 2007 with plans announced to build a mixed-use development in Kazakhstan.
For more information, please contact:
Name: Shali Akkaraju
Buchanan Middle East
Tel: +971 (0) 4 369 8559
Posted by Lara Lynn Golden, News EditorMonday, June 09 - 2008 at 15:50 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
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
It looks like you are using a Mac - check out our 
Web Feeds