Mubasher: Landmark Group intends to expand its shopping mall footprint across four GCC countries under its Oasis Mall brand, according to a bourse statement.
Landmark Group is one of the largest retail and hospitality corporations in the Middle East, Africa, and India.
Oasis Mall, the leading neighbourhood shopping destination in the Middle East area, will open four new malls in strategic locations across the UAE, Oman, and Bahrain.
This business expansion is scheduled to be completed in 2019 and is expected to increase Oasis Mall’s presence to 11 mall destinations across existing territories with a total GLA of over 2.6 million square feet of retail space within the malls’ portfolio of over 500 stores.
In the UAE, it is planned for Oasis Mall to open its first destination in Sharjah in early 2019, which will also host the Emirate’s first flagship Centrepoint store, and the first Cinépolis Cinema in the UAE.
In Bahrain, a new destination will open, while two will be launched in Oman following the tremendous response for Oasis Mall in Khuwair district of Muscat, new destinations will open in Sohar and Salalah by the fourth quarter of 2018.
“The new mall in Bahrain will be home to over 80 shops including Landmark’s flagship stores Centrepoint, Homebox, Fun City, Max, a platinum standard Fitness First, Cineco Cinemas, Carrefour market and a host of over 20 food outlets including Hard Rock Café opening in Q3 2018 in in Juffair,” the statement added.