Reem Mall, Abu Dhabi’s new up and coming entertainment, dining and shopping destination, has today announced Carrefour as the Hypermarket operator in the $1-billion project located on Abu Dhabi’s master planned development Reem Island.
Carrefour, operated by Majid Al Futtaim Retail, the retail arm of Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (Mena), will form a core element of the mall’s family-focused retail, leisure and entertainment offering.
“Carrefour is a highly respected global brand and will play an integral role in forming our unique retail offering,” remarked Shane Eldstrom, the chief operating officer for Reem Mall.
"Reem Mall will provide shoppers and visitors with a world-class retail experience and we are thrilled to announce Carrefour as a key part of our retail strategy. Today’s announcement marks an important milestone for the project, as we enter into the next phase of development and start to form partnerships with future tenants," stated Eldstrom.
"We are currently in discussions with a number of leading retailers and expect to make further announcements in the coming months," he added.
Miguel Povedano, the executive regional director, Majid Al Futtaim Retail, Carrefour franchisee in UAE, said: "This announcement marks a significant step for us as we continue to grow our Carrefour presence across the UAE."
"As one of the region’s most developed retail markets, Abu Dhabi presents a very attractive investment opportunity, and the Carrefour hypermarket in the upcoming Reem Mall development will further cement our presence in the region," noted Povedano.
“Carrefour hypermarkets offer customers a unique shopping experience with a diverse product selection at competitive prices. We look forward to bringing more choice, and the quality offering that Carrefour is known for, to create great moments for Reem Mall’s customers,” he added.
A 2 million sq ft retail, leisure, dining and entertainment destination, Reem Mall is being developed by the National Real Estate Company (NREC) in partnership with United Projects for Aviation Services Company (UPAC).
It will be located on Reem Island, the new master-developed residential and commercial zone on the eastern side of Abu Dhabi’s mainland, which will eventually be home to more than 210,000 residents at maturity.-TradeArabia News Service
Reem Mall seals partnership deal with Carrefour
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