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Posted On: 8 January 2014 02:32 pm
Updated On: 12 November 2020 01:50 pm

Mall of Qatar targets new luxury brands for Middle East

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Attracting luxury brands to Qatar will be key to making the country a shopping hotspot in the GCC, according to an industry professional. Donald Weir, general manager of the Mall of Qatar, told Construction Week: “We are currently in discussion with a number of retailers who will not only be present in Qatar for the first time, but also completely new to the region and we are extremely excited about the role these brands will play in changing the retail space in Qatar and across the region. “Here, at the Mall of Qatar, we see the potential in the market for luxury retail." He added: “Done well, and given the right setting and adjacencies, we are positive that luxury retail will flourish and with an anticipated spike in disposable income we are confident that the luxury elements of the Mall of Qatar will do extremely well.” Attracting luxury brands to Qatar will be key to making the country a shopping hotspot in the GCC, according to an industry professional. Donald Weir, general manager of the Mall of Qatar, told Construction Week: “We are currently in discussion with a number of retailers who will not only be present in Qatar for the first time, but also completely new to the region and we are extremely excited about the role these brands will play in changing the retail space in Qatar and across the region. “Here, at the Mall of Qatar, we see the potential in the market for luxury retail." He added: “Done well, and given the right setting and adjacencies, we are positive that luxury retail will flourish and with an anticipated spike in disposable income we are confident that the luxury elements of the Mall of Qatar will do extremely well.” The 400,000 square metre mall will comprise 400 shops, including 50 luxury brands and four department stores, as well as a fashion-themed hotel. Located next to one of the seven planned 2022 World Cup stadiums and within the Al Rayyan Gate master planned community, it will cost $820m to build, with shops expected to invest a further QR1bn ($274.63m) in fit outs. In October, it was reported that about 30 percent of construction was done with completion pegged for September 2015. http://www.arabianbusiness.com/mall-of-qatar-targets-new-luxury-brands-for-middle-east-533829.html