Phase I of Kuwait’s $1 billion shopping & leisure destination unveiled

Phase I of Kuwait’s $1 billion shopping & leisure destination unveiled
11-Apr-2007


The Avenues, a premier shopping and leisure destination in Kuwait

His Highness the Emir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah has officially launched phase I of The Avenues, the premier shopping and leisure destination being developed by Mabanee, Kuwait’s premier real estate developer; the project is set to be Kuwait’s largest commercial real estate development.

The Avenues is the first major project conceived and developed by Mabanee. The landmark project will be opened in four phases involving an overall investment of $1 billion and is set to be Kuwait’s premier shopping, leisure and business destination when completed in 2010. Speaking at a press conference held during the launch, Mohammed Abdulaziz Alshaya, Chairman of Mabanee and M.H. Alshaya Company, said: “The Avenues will not only emerge as one of Kuwait’s premier leisure and shopping destinations and redefine retailing in the region, but will provide a boost to the economy and prestige of Kuwait."

The Avenues will host the widest selection of international brands in the region spread over 216 stores including Kuwait’s first Carrefour hypermarket, the region’s largest IKEA store, Cinescape, (a ten-screen Cinema complex), in addition to a mall, numerous restaurants and cafes. The mall’s design comes from world-renowned architects Norr Consultants International, a firm that has built some of the most distinctive real estate developments in the Middle East, including the Emirates Towers in Dubai.