Red Sea Mall announces SAR200mn expansion


August 26, 2015 | By RetailME Bureau

Saudi Arabia’s Red Sea Mall formally announced the commencement of its largest expansion project. The first phase of Red Sea Mall’s expansion began in March and the largest phase will start soon at gate number 1 and then gate number 9, without affecting the mall’s operations.

“The Red Sea Mall’s SAR200-million expansion strategy is the largest mall expansion in Saudi Arabia, adding more international brands and entertainment facilities, underscoring our unwavering commitment to enhancing the Red Sea Mall experience for our valued visitors and tenants,” says Red Sea Mall Markets Co. Ltd. chairman Saleh Bin Mahfouz.

“The massive expansion was necessary as there is a huge demand for commercial rental space at the Red Sea Mall. We have a long waiting list of potential tenants, and this list increases on average by 8% annually,” adds Red Sea Markets Company CEO Mohammed Alawi.

“The Red Sea Mall expansion project will bring mall shopping, dining, leisure and entertainment to a whole new and exciting level. The expansion will add around 1.5 million sqft of GLA, including a 43,055 sqft open space that will showcase premier international brands and a variety of restaurants,” shares Alawi.

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