Mubasher: Tamdeen Group has launched, through its subsidiary Tamdeen Pearl, Al Khiran Mall to be the first hybrid outlet, leisure, and lifestyle destination in the region. In addition, the project will add great value to shoppers in response to the growing demand for an all-inclusive experience.
Located in the centre of Sabah Al Ahmad Sea City, the mall will introduce a mix of perks, including superior outlet shopping, distinctive dining options, state-of-the-art entertainment, as well as large format events, exhibitions and recreational leisure experiences, according to a press release on Sunday.
Spanning an area of 350,000 square metres, Al Khiran will showcase a spectacular design and will offer more than 300 stores, grand dining options as well as major experience-based components.
Besides offering experiences for the whole day and the whole family, the mall will integrate recreational components such as Kuwait’s largest marina with 900 berths and the Water Gardens. The mall will also include 3,700 parking spaces, furthering the customers’ ease and accessibility.
Organised by the Middle East Council for Shopping Centers and Retailers, the Retail Congress MENA 2019 in Dubai will host the Hybrid Outlet Mall firstly to the retail real estate industry.
The new mall will be backed by Kuwait’s stable economy of which GDP totals $142 billion and serves over 4.6 million people.
“A total retail expenditure of $33.3 billion growing at 7.8% is expected to reach $52.2 billion in 2025, which is encouraging for retail real-estate development,” according to the press release.
Al Khiran Mall is expected to serve a catchment area that is vital to most of Kuwait. The population base is this area is projected to reach 4 million, not to mention an additional inflow of 2.5 million Saudi tourists who arrive by near road.
Chairman of Tamdeen Group, Mohammad Jassim Al Marzouq, said, “Our conviction in this project stems from a thorough understanding of customers’ expectations and behaviours in Kuwait along with a deep-rooted purpose of setting new benchmarks in the country’s retail real estate industry.”
“Kuwait’s 2035 Vision and, as part of it, the rigorous development in its South have furthered our role in the private sector of strengthening the position of Kuwait as a regional destination for shopping, entertainment and leisure,” he concluded.