Dubai-based McARTHUR + COMPANY announces its joint venture (JV) with Jeddah-based Real Estate Development Solutions (REDS). The JV will provide strategic retail real estate services across the KSA with offices in Jeddah in 2018 and Riyadh in 2019.
“We have seen an increased demand for our professional services by developers and investors in the retail and entertainment real estate sector. Opening our offices in Saudi Arabia will ensure we are on the ground, and close to the retail community, giving our clients the best possible commercial results” says Phil McArthur, founder and chairman, McARTHUR + COMPANY.
“Our Board of Directors saw a natural opportunity to team up with McARTHUR + COMPANY. They have the international experience, and we have the local expertise. Having spent my career in the shopping centre industry in Saudi Arabia, we see a strong need for improved standards, guest experience and ultimately investment returns,” adds Mohammad Alawi, CEO of REDS.
McARTHUR + COMPANY, established in 2011, has offices in Dubai, Cairo, Jeddah, Mumbai and Kuala Lumpur, and provides retail real estate development, leasing and management services.
Real Estate Development Solutions (REDS), is established by a group of seasoned professionals with over 70 years of cumulative experience in mixed-use and retail real estate development, leasing, property management and marketing.
The first two days of the 25th edition of Beautyworld Middle EastOctober 6, 2021 | By RetailME Bureau
Words by Farimah Moeini, Snapchat Head of Industry – Retail and Travel TheJuly 5, 2021 | By RetailME Bureau
Union Coop, a consumer cooperative in the UAE, revealed that 78% of
Union Coop has opened its 23rd branch within the UAE in Jumeirah
Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and
UAE-based Al Maya Group announced that it will be boosting import of
UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
The Sultanate’s largest shopping destination, Mall of Oman, which opened its doors
Dubai Outlet Mall has announced a strategic partnership with Lulu Group to
The Ministry of Human Resources and Social Development in Saudi Arabia has
UAE-based REDTAG will launch its specialized, new outlet in City Centre Deira
Extravagant, conceptual, great food and views are some of the ways that
UAE-based Al-Madina Group opened two new projects, Crown Mall and Mango Hypermarket,
Abu Dhabi’s state investment company ADQ is in talks to invest about $500 million
UAE-based REDTAG has launched its latest retail outlet on at Doha’s City Center
UAE-based Carrefour has opened a new store at the world’s busiest international
The once powerful department stores that anchored malls and streets around the
FILA has opened its new futuristic flagship store in Dubai Mall. The 158m²