Kuwait-based mixed-use developer Tamdeen Group has announced that 70% of the new Al Kout Mall’s retail spaces have been leased out of its total of 260 planned stores. The developer has had an unprecedented and positive response to the new Al Kout Mall.
The new mall is part of the overall Al Kout development in the Ahmadi Governorate. When completed, the development will offer six different experiences including hospitality, shopping, marina, a fishing wharf, leisure and entertainment.
With the signing of major key and anchor tenants such as H&M, Zara, GAP, Victoria’s Secret, Sephora, Massimo Dutti, Banana Republic, Jack Wills, COS, Mamas & Papas, Mothercare and several others, as well as F&B brands like Vapiano, PF Chang’s, TGI Fridays etc., leasing of the 260 units for Al Kout Mall is ongoing with huge interest from several leading international and regional players.
In addition, through the redevelopment and expansion of the existing Al Kout mall and its transformation into Souq Al Kout, the project will boast over 1.07 million sqft of retail space, making Al Kout a super-regional mall and the largest mixed-use waterfront project in southern Kuwait.
said: “Our objective is to create a vibrant new destination for the south of Kuwait, offering several attractions to our consumers. We want to create a destination for visitors from Kuwait and from outside, particularly the GCC. This grand project is an example of our commitment to creating mixed-use developments, much like the iconic 360 MALL, which will go beyond the retail experience,” says Tamdeen Group chairman Mohammed Jassim Khalid Al Marzouq.
Fashion will be a major component of the new mall with over 50% of the mall catering to a variety of fashion brands. In addition, there will be significant entertainment for families including Cinescape Cinemas, Infunity and a new Sky Zone concept. F&B will also be a significant part of the mix, offering some of the best options in casual dining restaurants as well as a state-of-the-art food court. There will be a special focus on perfumes and cosmetics to cater to specific preferences of the Ahmadi clientele.
“Construction of the mall is on schedule leading to a grand opening on October 5, 2017 that will completely redefine the shopping experience for people not just in the Ahmadi Governorate but also for those with weekend homes along the coast,” adds Ahmed Al Sarawi, CEO of Tamdeen Shopping Centres. “While time is of the essence, the project quality is most important for us. Tamdeen projects are well known for their quality of design and attention to detail. Our contractor, Al Ahmediyah, is fully aligned to meet our objectives.”
Managed and operated by mall-management firm GLA Management, the balance retail space is currently under negotiation with other popular brands.
“We are absolutely delighted that the project has received so much interest and we anticipate that it will be fully leased well before the opening of the mall in October 2017,” shares Christian Wistrom, general manager – leasing, GLA Management. “This strong demand is a reflection of the quality of the project as well as the positive experience of retailers with existing Tamdeen projects.”
Beyond the existing brands, Al Kout Mall will also boast new-to-market brands, which will be introduced to Kuwait residents for the first time. Some of these innovative brands are Sky Zone, Adidas Originals, Charming Charlie, Kiko and several more to be announced before the opening.
The project is aligned with Tamdeen’s strategy of transforming the modern retail sector in the country whilst encouraging high impact retail entrepreneurs to contribute towards innovation in modern retail.
Commenting on the complexities of the project, Avijit Yadav, COO – GLA Management, observes, “The combination of several components including the malls, a traditional market, a successful marina and 1.6-km of beach make it a complex project for us to manage. Our reward lies in the fact that we can offer so many fun experiences to our customers.”
Upon completion of all phases, Al Kout will occupy a massive 3.2 million sqft of area creating Kuwait’s largest waterfront mixed-use destination.
Words by Farimah Moeini, Snapchat Head of Industry – Retail and Travel TheJuly 5, 2021 | By RetailME Bureau
Snapchat has been betting big on Augmented Reality’s (AR) retail future consideringJune 22, 2021 | By Jibran Chouguley
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