McArthur + Company wins Mall of Qatar deal
, June 4, 2013
The developers of the Mall of Qatar have selected McArthur + Company, shopping centre specialists to lead the marketing and retail leasing campaign of the mall project.
McArthur + Company will provide exclusive retail and leasing management services to the mega complex.
"The Mall of Qatar standards will be the highest in the market. Consumers and retailers will experience a wonderful collection of fashion, restaurants and community services. After carefully reviewing the competitive shopping centre landscape in Doha, we selected McArthur + Company due to the depth of their team and their success rate of delivering successful large format shopping centres," said Shem Krey, deputy managing director of the mall.
The construction cost is in excess of $825 million and has been secured with funding from Qatar National Bank. This is a substantial project that has secured major funding to ensure it is built to the very highest standards that will provide the very best facilities for local residents and visitors, a statement said.
"We are delighted to be associated with the impressive Mall of Qatar project. We have received strong support from the retail community in our preliminary assessment of the Greater Doha and Qatar markets.The philosophy of the shopping centre project completely mirrors our vision to deliver a high quality retail experience for the Mall's expected 20 million plus customers a year," said Phil McArthur, managing director of McArthur + Company.
"Shopping centres require a great deal of planning and research before undertaking such a significant investment. We are confident we will deliver a powerhouse centre with great brands and exciting attractions putting the Qatar shopping and entertainment experience on the map," he added.
Opening in the third quarter of 2015, the Mall of Qatar project will be adjacent to the popular Al Rayyan Sports Club, a host stadium in the Fifa 2022 World Cup. - TradeArabia News Service