Landmark Group to roll-out nine retail outlets at Fujairah City Centre
- United Arab Emirates: Wednesday, April 04 - 2012 at 14:53
- PRESS RELEASE
Landmark Group, the region's retail and hospitality conglomerate, opened nine stores across a total of 79,523 sq. feet of leased space at the Fujairah City Centre as part of its strategic plan to expand its retail footprint.
Vipen Sethi, CEO, Landmark Group, said, "The Landmark Group and Majid Al Futtaim share a long-standing and fruitful relationship that dates back to many years and expands across the UAE and wider GCC region. We are excited to open some of our key retail stores at the Fujairah City Centre. Our brands will contribute to 22% of the mall area, strengthening our portfolio of outlets in the emirate."
He said, "We are confident that our retail offering will match the expectations of customers. The prospects of retailing in Fujairah are promising. The increasing residential and tourism developments within the emirate will contribute to its growth making Fujairah City Centre one of the key shopping destinations for the Northern Emirates."
Landmark Group pursues a structured expansion and diversification strategy. During the 90s, its geographical reach extended into the entire GCC region. In 1990, the Group forayed into the Indian retail industry with the Lifestyle department stores. Over the last decade, the Landmark Group has expanded its footprint in the Middle East and North Africa (MENA) region with its entry into Egypt, Turkey and Lebanon. It has also built a presence in Jordan, Yemen, Sudan and Pakistan. The Group additionally ventured into Kenya in September 2011 and Nigeria & Libya in February 2012.
Fujairah City Centre is set to host over 105 value and mid-market brands with 85% of the brands marking their entry into Fujairah through the mall. Located at the intersection of the new Fujairah-Dubai highway and the Masafi Highway, it is developed jointly by the Majid Al Futtaim Group and the government owned Fujairah Investment Establishment at an estimated cost of Dhs400m.
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