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Saturday, November 28 - 2009

Tamdeen SCD in the international market

Tamdeen Shopping Centre Development Company (Tamdeen SCD), a property management company specializing in the development, leasing and management of shopping centres, announced today its participation in MAPIC, the benchmark event for the worlds' retail real estate professionals.

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MAPIC, taking place from November 16th - 18th at the Palais des Festivals in Cannes, France, is considered the leading market for the expanding industry of international retail real estate. The conference provides participating companies with an exclusive platform to showcase new concepts and developments as well as a number of opportunities to increase their activity into the international arena.

"We're extremely excited about taking part in this event" said Marzooq Al Marzooq, Chairman of Tamdeen SCD.

"With more than six thousand participants from over 50 countries, Tamdeen SCD will be the first Kuwaiti company to join the conference and we will take that opportunity to introduce our latest and most exciting retail and leisure destination in Kuwait: 360°Kuwait."


"We're looking forward to our participation in MAPIC as it's an ideal place to introduce ourselves and our latest project to the international community" explained Mr. Al Marzooq.

360° Kuwait will be one of the largest retail developments in the centre of Kuwait and is designed by an international and local team of architects and consultants. MAPIC provides insight into the retail real estate industry and assists industry professionals in discovering new trends. "It only makes sense that we utilize the opportunity of our presence in this exhibition to introduce our latest project to the international market" said Mr. Ahmed Al Sarawy, Managing Director of Tamdeen SCD. "We're there to tell the international community that the new trend is emerging in Kuwait."

Explaining the philosophy behind 360° Kuwait's unique name and design, Mr. Al Sarawi said: "The shopping centre's design and architecture were inspired by the strong Arab tradition of navigation by the stars and history of planetary studies, and we named this state-of-the-art development '360° Kuwait' to
reflect the unique curvilinear shape of the building and the interior circular concourses."

360° Kuwait will echo many of the architectural features of the region - material, colour, and environmental graphics -- all of which have been carefully chosen to deliver the experience of travel through time and space.

360° Kuwait brings to the market a gross leasable area of over 59,000m2, offers patrons retail, restaurant and entertainment opportunities. Features include a hypermarket, cinema, bowling alley, both family and teenage entertainment venues, upscale restaurants, a food court, and multiple water features.
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Notes and media contacts

About Tamdeen Shopping Centre Development Company (K.S.C.C.)

A subsidiary of Tamdeen Real Estate Company (KSE:TAM), Tamdeen Shopping Centre Development is a closed shareholding company established in March 2005 with a capital of KD30 million (USD 103 million) as a company specialized in the development, leasing and management of shopping centres.

Current operations include the management and potential re-development of the highly successful Al Fanar Shopping Centre in Salmiya. Other operations include the recently opened Fahaheel Waterfront Project (also called the Al Kout Shopping Centre), and is currently redeveloping the neighbouring Al Manshar Complex. Together both developments will help the company develop the town centre of Fahaheel in a multi phased project called 'Madinat Al Fahaheel' (Arabic for Fahaheel City).

For further information, please contact:

Muath Al Roumi
Marketing and Public Relations Director
Tamdeen Shopping Centre Development
Mobile: 9666706

Hala Y. Sharara
Bates PanGulf Public Relations
Exclusive partner in the Middle East of Burson-Marsteller
Tel: +965-2411676
Mobile: +965-964 2484
Fax: +965-2492644

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