Fourth and final phase of US$ 2 bn 'The Avenues' mall opens in Kuwait
Posted on 3rd April 2018
According to *Constructionweekonline news report, the fourth and final phase of The Avenues, a $2bn (KWD600m) mall, has opened in Kuwait.
Mabanee Co, which owns the project, worked with consultants Pace and Gensler on Phase 4.
A four- and five-star hotel are also due to be developed as part of the extension, a project official said.
With a built-up area of 13ha, and total leasable area of 8.5ha, Phase 4 is worth $900m (KWD265m).
Following the launch of Phase 4, the mall is expected to employ 30,000 people, some of which will work on the facility's 300 new stores.
Inaugurated in 2007, The Avenues was put through a series of expansion programmes that were overseen by both consultants.
The latest round comprised the addition of shopping and leisure districts, as well as the expansion of existing districts in the mall, which now features more than 1,100 retail units.
Commenting on the project, Tarek Shuaib, chief executive officer of Pace, said: "The new districts include The Grand Plaza, a new public square that is inspired by civic squares around the world.
"A four-star Hilton Garden Inn and a luxury five-star Waldorf Astoria hotel will be developed as part of the new extension."
Waleed Al Shurian, chief executive officer of Mabanee Co, added: "During the past 10 years, The Avenues has established itself as one of Kuwait’s most prominent touristic landmarks, and [...] has made a noticeable impact on the national economy.
"The state-of-the-art concepts, which have evolved with the new designs in each phase, have presented an exceptional leisure and tourism experience in Kuwait."
A ceremony, attended by HH the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, and Mohammad Abdulaziz Al-Shaya, board chairman of Mabanee, was held to celebrate Phase 4's launch late last month.
*News source: http://www.constructionweekonl...
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