Lagoona, a Darwish Malls development and Qatar's newest retail center, will open in August 2011. The press release states, Lagoona will bring a unique mix of new international and regional brand-names to Qatar. Inspired by the elements of life and senses, located in the heart of Doha's most prestigious district, West Bay, Lagoona's boutiques will exude comfort and warmth. A variety of restaurants will be scattered throughout the 20,000 square meter of European Piazza.
According to Lagoona's Management Consultant, Mr. Ron Meiers, "the great thing about Lagoona is the fact that it has attracted a host of internationally-renowned brands which are showcased for the very first time in Qatar. Lagoona will be truly a unique shopping destination and a great retail avenue for those brand-names that are looking for elegant and beautiful surroundings."
Qatar is expected to be the fastest-growing economy in the world with real GDP growth at 12.8% in 2011 due to continued growth in liquefied natural gas exports and an estimated 9% year-on-year household spending, said a Credit Suisse strategy report. Qatar is planning to spend around $100bn on improving economic infrastructure, including a $25bn rail network, a $5.5bn deep-water seaport and a new $1bn airport, in preparation for the World Cup 2022. However, despite the high spending, Qatar is expected to maintain surpluses, the report said.
© Yalla Finance 2011
