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 11913 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
Ralph Lauren offers the spring 2019 collection
Tame your Tresses
Nothing says ‘I love you' quite like MKS Jewellery Valentine's Day Top Picks
Le Meridien Al Aqah Beach Resort Rolls out Fabulous Deals for February
Great offers this February on Glambeaute.com
Mesmerizing Gift Sets and Perfume for Her
Delightful Duo Of Elegant Timepieces Make For A Special Valentine Day's Gift
Kappa Exclusive Collection
Valentine's Day Gifting Guide
Introducing Supergirl Make-Up
GUESS Launches JEANS SS19 Collection for Women
GUESS Launches Kids Collection
Belt Bags from Longchamp
Classic Smoky Eyes with Essence
GROHE Is the Driving Force of the Digital Transformation in the Sanitary Sector ...
Real Madrid & Manchester City Collections
Honor Gadget Gift Guide: Step Away from Anything that Wilts and Step up your Sma...
Amity University Dubai Hosts the World's Top AI Researchers at an International ...
Deadline extended to register for first ever Dubai Corporate Sports Championship
The Rado HyperChrome Ultra Light
Emirates Post commemorates silver jubilee of Emirates Center for Strategic Studi...
Chronoswiss Shows Off Twin Limited Edition Flying Grand Regulators
Fatima Bint Mubarak Ladies Sports Academy (FBMA) International Show Jumping Cup ...
The Valentine watch collection by Coach
Billy is 40 years old..
Facebook to launch fact-checking program in Arabic in partnership with AFP in th...
Treat your loved one to a romantic Venetian gondola cruise at Riverland™ Dubai o...
Dubai's first building biologist receives global recognition
Zayed Sports City Awards Scholarships to Students as Part of Mubadala Tennis in ...
Pirelli gives New Ice Zero 2 Studded Tyres Their Debut on Ice in Sweden at the W...
Dubai Customs receives Oman Chamber of Commerce delegation
Innovative, Adventurous and Accurate. It's what pilots need in a timepiece. And ...
Exclusive position in the front row of the grid: The BMW M850i xDrive Coupe Firs...
The Rise of Green Technology in Construction
Robinsons to launch its new luxury lighting department – the latest addition to ...
The Fall 2019 Michael Kors Collection Runway Show
Valentines Day Gift Guide from Anker
GSK sets to improve antibiotic adherence in the UAE with a new patient-friendly ...
Dubai Cares and UNICEF announce the Dubai Declaration on Early Childhood Develop...
Canadian University Dubai partners with Malaysia's top-ranking Multimedia Univer...
Patented dental solutions, Dental Robotics and Digital Innovations attract visit...
Abu dhabi Grand Slam® Jiu-Jitsu World Tour fifth and final leg of season 4 heads...
Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, bef...
MASmash Opens in Abu Dhabi at Manarat Al Saadiyat
Abu Dhabi University appoints outstanding leaders as Vice Chancellor and Associa...
Wellness Saturdays with H Retreats
Healthy Passenger Demand Continues in 2018 with Another Record Load Factor
10 things you didn't know about Space Grill
Ministry of Health and Prevention Launches its Media Campaign as Part of the “Wi...
Free health and fitness advice at Marina Mall Abu Dhabi