Omar Al Futtaim, Vice Chairman, Al Futtaim, and Mohammed Alshaya, Executive Chairman of Alshaya, during a partnership signing ceremony in Dubai.
DOHA: Doha Festival City has announced a strategic anchor tenancy agreement with MH Alshaya Co — a leading international retail franchise operator.
The agreement will see Alshaya bring around 50 lifestyle, fashion and footwear, food, health and beauty and home furnishings brands to the new retail, entertainment and leisure complex currently under construction in Doha.
A signing ceremony involving Omar Al Futtaim, Vice Chairman, Al Futtaim, the part owners of Basrec through Al Futtaim Real Estate Services (AFRES), and Mohammed Alshaya, Executive Chairman of Alshaya, was held in Dubai this week to formalise the partnership, and was attended by senior executives from both companies.
Alshaya, which is the franchise operator for some of the world’s best known retail brands, plans to open up to 50 different stores, cafes and restaurants within the mall including H&M, Debenhams, Mothercare, Topshop, Starbucks, Bath & Body Works, Shake Shack, Pinkberry and Pottery Barn. In total Alshaya stores will cover a combined area of approximately 25,000 square metres.
Mohammed Alshaya said: “We are delighted to extend our association with Al Futtaim, a group that we have worked with successfully for many years. Doha is a vibrant city with a brand savvy population who love the international brands we operate. We are confident that Doha Festival City will be an exciting addition to Doha’s retail mix and look forward to bringing some innovative and iconic brands to Qatar’s capital.”
Omar Al Futtaim, Al Futtaim’s Vice Chairman said: “We are very excited about the plans for Doha Festival City which we believe will create an outstanding shopping and leisure destination for Qatar. As with all the malls we develop, we strive to create an environment that brings the best brands and the widest choice to our customers. Through our strategic anchor agreement with Alshaya we look forward to supporting that goal at Doha Festival City.”
The Peninsula
