Dar Al Arkan Real Estate Development Company is making the final arrangements for the launch of Alqasr Mall project, which it has developed as part of Alqasr project in the city of Riyadh, during the first quarter of 2012, as the biggest shopping center in the area of mid-south of Riyadh. The mall occupies a gross area of 235,000 sq. mtr. accommodating more than 300 stores. The mall consists of three upper stories in addition to restaurants' area and an entertainment area of 10,000 sq. mtr. The mall entertains outlets showcasing a series of local trade marks and world brands.
Mr. Abdulrahman Al Dakheel Manager of Property Management Department of Dar Al Arkan said: "The company is preparing for the inauguration of Alqasr Mall during the first quarter of next year, that will be a groundbreaking marketing and recreational event in Riyadh city for the services and facilities the mall will furnish to its shoppers and visitors, beside the strategic location of the mall serving a wide residential area inhabited by nearly one million of the city population. The mall, therefore, adds a new momentum to the realm of shopping centers in the city, particularly the mid-southern part of it." Moreover, Mr. Al Dakheel talked about the population density in the area surrounding the mall, given the lack of quality shopping centers, as factors that necessitated the creation of a project like Alqasr Mall. In this mall the company has stepped up efforts to provide the district's dwellers with a unique shopping experience and cater to everyone's demands through an integrated scheme of world brand products and recreational services provided in a cheerful atmosphere at Alqasr Mall.
Mr. Al Dakheel was commenting during the ceremony of signing a mercantile agreement between Dar Al Arkan Real Estate Development Co. and the Saudi Co. for Hardware and Tools (SACO), a pioneer in the hardware retail and wholesale business, whereby the latter opens a branch in an area of 4,637 sq. mtr. at Alqasr Mall. the agreement was signed by Mr. Abdulrahman Al Dakheel Manager of Property Management Dept., on behalf of Dar Al Arkan, and Mr. Khalid Al Hamidi, Chairman, on behalf of SACO.
Mr. Al Dakheel comment on that agreement was that "Signing an agreement with SACO is part of Dar Al Arkan's plan to attain full occupation of the leasable space at Alqasr Mall through contracting large companies and trading agencies, local and international. He added that Dar Al Arkan is achieving remarkable success that goes beyond schedule as indicated by the lease of 70% of the gross leasable space at the Mall.
Furthermore, Mr. Al Dakheel described the agreement with SACO and other large companies and world trading agencies as an indicator of the appealing investment opportunity opened at Alqasr Mall which, beside its strategic location, reflects Dar Al Arkan keenness to serve its investors and shoppers, laying down proper foundations for investment and shopping by offering a blend of world brands and trade marks inside the mall that sustains the viability and economic feasibility for the investors and provides recreational amenities for the pleasure of shopper and visitors.
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© Press Release 2011
