GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Upcoming shopping destination in Iraq to showcase incredible range of retail spaces for top brands to set up shop

Dubai, UAE, August 15, 2018:  Smart Stores Expo has announced the participation of Karbala Oasis, an upcoming shopping destination in Iraq, as its retail leasing partner.  This development will see Karbala Oasis showcasing at the trade show its more than 222,873m2 total build up area and more than71,625 m2 leasable area of retail space to premium brands looking to tap into promising business opportunities offered by the improving Iraqi economy. 

Based on BMI Research's latest report, the Iraqi economy is projected to expand 1.5 per cent this year before picking up in 2019 with an estimated growth of 4.5 per cent.  Ongoing reconstruction efforts will also boost spending on infrastructure in the years ahead, and BMI predicts that this will stimulate Iraq's non-oil economy and enhance consumer spending.

Karbala City is 90km from Baghdad, and being located in one of the most strategically important cities in the mid Iraq, Karbala Oasis is being touted to become the retail centrepiece of the town with its unique blend of commercial, entertainment and tourism attractions.  The US$ 65 million project involves the construction of a four-level mall featuring five main oases – Shopping Oasis, Food Oasis, Fun Oasis, History Oasis and Residence Oasis – each boasting its own innovative design.  In addition to the main shopping complex, Karbala Oasis also boasts a 22,000m2 12-storey 5-Star Hotel (with 12 Suites and 98 Rooms), a 5,600m2 Al Taf Panorama and 1,116 m2 Parking Space.  

Karbala Oasis' wide range of world-class lettable retail spaces will be a banner feature of Smart Stores Expo under the Retail Leasing category.  This section of the expo is open for all types of retail property players to showcase their upcoming retail projects and connect with top retail brands, who can potentially lease the space.   Smart Stores Expo, devoted to showcasing the latest trends, developments and technologies shaping the future of retail, is scheduled on September 4 – 6 at the Dubai International Exhibition and Convention Centre. 
 
“Karbala Oasis is a catalytic project in Iraq that promises an enormous breakthrough in the revitalization of the country's economy.  It is about to emerge as a compelling new landmark for shoppers in this region and from across the globe.  Keeping in mind the bright future ahead of Iraq, its oil wealth and young population with increasing spending power, Karbala Oasis is indeed an interesting venue where retail players should establish their presence,” said Jayaraman Nair, Chairman, VIS Exhibitions and Conferences.  “We are proud to play an integral role in shaping this new retail development and we look forward to forming strategic partnerships with other mall developers and property firms.  Smart Stores Expo is the definitive platform for your space to be discovered by top local and international retailers,” he added.

Commenting on their participation in the show, Mr. Haitham Al Mayali, CEO, Karbala Oasis Investment Group, said, “We have envisioned Karbala Oasis to provide Iraq a prominent place on the region's shopping map.  The massive retail complex will feature an incredible range of modern retail spaces with jaw-dropping design elements, teeming with the right features to help retailers showcase their brands and provide one-of-a-kind shopping experience to their customers.  With the retail market in Iraq growing, I believe that Karbala Oasis is the most exciting retail opportunity on this part of the globe.  We are pleased that Smart Stores Expo is here to help us introduce this extraordinary opportunity to the retail market.”

In addition to the exhibit featuring retail vendors, suppliers and property developers, Smart Stores Expo will feature a conference comprised of presentations and panel discussions from a line-up of local and international industry experts.  They will discuss emerging trends and market challenges, covering a wide range of topics related to the industry.



Posted by : GoDubai Editorial Team
Viewed 8766 times
Posted on : Wednesday, August 15, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : DLD marks a qualitative leap in upgrading government services through Ejari
Next Story : RERA Partners with CBD to Offer Escrow Services for Owners' Association
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Purely Pandora Classics With a Twist
Tryano Launches Elemis
Festive Gifting Guide
New 1948 Seamaster Watches Join the Ranks
Add a festive sparkle to your eyes with Palladio Beauty
The Geo-Graham Orrery Tourbillon presents a galaxy you can reach out and wear Ge...
Amp up your skincare routine with The Organic Pharmacy's new corrective serums
Parmigiani Fleurier, new Friends of the Brand – ice-hockey superstar, Evgeniy Ma...
Hour Choice presents Coach Park Collection
Certina DS PH200M collection
Joyalukkas brings joy to hundreds around the world with gold bar giveaway this f...
Tissot T-Race Marc Marquez
LACOSTE presents its new Legacy collection
Oh So Heavenly! Bath Sets from Glambeaute.com that make a great gift this festi...
Sawalef Perfumes is now available at Mirdif City Centre
Souq.com's Biggest Ever White Friday Sale
Discovering the power of Accessorizing with Rebecca Minkoff
Kors Dubai: Michael Kors Celebrates A New Middle East Flagship Store and Specia...
Introducing Nokia 3.1 Plus to the UAE
Introducing the GUESS Holiday 2018 Collection
Zoho launches its cloud accounting software in Bahrain
Puma Launches RS-X Toys
The Ultimate Festive Guide For Little Ones
The Custodian of the Two Holy Mosques King Salman bin Abdulaziz honored Huawei w...
Puma Drops Cali in New Colorway
Jameel Arts Centre, Dubai opens with an ambitious set of exhibitions and program...
Department of Culture and Tourism – Abu Dhabi Organises ‘Herfaty' Programme in A...
Jaguar F-Type Rally Cars Celebrate 70 Years of Sports Car Heritage
Superhero Color Runners Prove We Are All Unstoppable!
Audi Innovation Award Winner Announced at Dubai Design Week
XTouch New XBone Bone Conduction Headphone Brings Safe and Convenient Experience
Alstom delivers first Dubai metro trainset on time
Special Olympics Will Create a Legacy of Inclusion Through Art
Celebrate a Month-long Festive Feast at Swissôtel Al Ghurair
Mademoiselle Longchamp
Turkish Airlines reached 83.4% Load Factor in October
Win Big this Winter with UAE Exchange
Al-Futtaim Honda launches ‘The Great Escape' promotion
Shop, Stay and Unwind at Swissôtel Al Ghurair This UAE National Day
Celebrated singer and songwriter Atif Aslam set to perform at BOLLYWOOD PARKS™ Dubai
Roda Hotels and Resorts named front-runner and pioneer of the regions hospitalit...
Huawei wins the First Place Prize of the King Khalid Responsible Competitiveness...
HE Abdulla Ali Bin Zayed Al-Falasi officially opens HR Summit & Expo 2018
Ministry of Tolerance takes initiatives to promote and spread tolerance, coexist...
The Fourth Edition Of Dubai Design Week Is Now Open!
Dragon Mart gears up for a spectacular three-day Oman National Day celebration
UAE nursery chain wins Global Award for Sustainability
World Tolerance Summit gears up for its first staging
Preciosa Lighting brings Breath of Light to the Middle East
IAHV Rehabilitation and training program provide trauma relief to 14,000 refugees