- Saudi Arabia has unveiled an investment opportunity for the construction of a shopping mall in the Western Medina city.
- June 2024 – Emaar announces $408m expansion of Dubai Mall – the plan will include 240 new luxury shops
- February 2024 – Dubai: Want to drive through a mall? UAE billionaire reveals plan for new shopping centre – EMAAR.
- March 2024 – Saudi invites bids for new mall , in Medina, with 4,035 square metres as the mall.
- Jawharat Riyadh is set to promote Riyadh on the local, regional, and international stage with its best-in-class experiential retail offering over 300 stores,hosting 70 plus flagship stores and more than 30 first to KSA retailers.
- Cenomi Centers’ growth pipeline includes 6 new centres featuring three flagships and three lifestyle centers which will add a further 44% of GLA by 2027, taking to the total GLA to around 2 million sq ft.
All these announcements point to MENA’s full-fledged efforts to promote itself as Shopping destination and Saudi is leading with a maximum number of new projects and under construction malls. There are new projects and expansion in the pipeline till 2028 where the Middle East is all set to achieve a growth of USD 586.5 at a CAGR of 6.2%. It will give rise to a new competition which will be more dependent on innovation in integrated technologies and tools to achieve sustainability.
Post COVID shopping malls went aggressive to resume the same growth prior to the pandemic. In a game changing scenario mall developers are creating synergies with the brands to position themselves as a premium destination. It’s not just another place to shop but rather a cultural hub and complete lifestyle destinations. Malls have become a congruence of entertainment, culture, recreation and eco-consciousness.
They are joining hands with global contractors and vendors using cutting edge technologies to create “The stores of future”. There is a major revamping drive to lure customers, mobilize crowds and enhance customer experience.
Retailers are engaging customers while maintaining a balance between digital and traditional shopping. There are considerable slow and steady attempts to minimize online e-commerce push strategies and maximizing pull strategy to encourage physical shopping.
This conference will feature ideas related to architecture and design of new project, existing under construction projects, expansion and maintenance of existing malls.
Event Objectives
Discover the key objectives of the Mena Mall Summit and how this event can help you transform the future of retail and shopping malls:
- Master Mall Development & Expansion
- Explore the intricacies of new project development and strategies for mall expansion.
- Smarter Investment Decisions
- Learn to make informed decisions in new projects, technology adoption, and multi-channel strategies.
- Balance E-Commerce & Foot Traffic
- Uncover strategies to harmonize online e-commerce traffic with in-person mall foot traffic.
- Reinvent Retail Spaces
- Discover creative ways to repurpose retail spaces, revitalizing malls while attracting destination crowds.
- Retail Collaboration & Revenue Growth
- Learn how retailers, tenants, and shop owners can collaborate to create synergies that maximize revenues and improve tenancy agreements.
- Sustainability in Mall Design
- Embrace greener, more sustainable malls in a secured environment with integrated cyber and physical safety measures.
- Intelligent & Connected Malls
- Discover how to create malls that cater to digital-centric, connected customers.
- Innovative Technologies for Shopping
- Explore smart technologies like AR, VR, AI, and ML to enhance the shopping experience.
- Retailtainment for Revenue Growth
- Generate new revenue streams through innovative retailtainment concepts and strategies.