Dubai Industrial City Launches First Community Retail Mall
6 January, 2019
Dubai Industrial City (DI), one of the largest industrial hubs in Dubai and a member of TECOM Group, has announced the official opening of its first retail offering, Sapphire Mall, which will cater to residents in the destination’s growing community.
Developed with an investment of more than AED100 million, the 215,000 square feet retail and dining facility is the first project to be completed by Dubai Industrial City in collaboration with Sapphire Investments LLC.
Abdulla Belhoul, Chief Commercial Officer of TECOM Group, Saud Abu Al-Shawareb, Managing Director of Dubai Industrial City, Mr. Najeeb Kadiri and Mr. Mohammed Ali Nocholy, Directors of Sapphire Investments LLC officiated the grand opening ceremony of the shopping mall.
Speaking on the occasion, Saud Abu Al-Shawareb said: “The opening of the new mall not only serves our ambitious plans to position Dubai Industrial City as a lucrative hub for business investment, but also reflects our commitment towards the community. We believe that community shopping centers play an important role in improving the quality of life of the people living within the destination. Aligned with our vision of creating opportunities and special moments for our community, we are dedicated to providing our residents with fully-equipped stores and best-in-class services.”
He added: “In working closely with Sapphire Investments to develop, implement and maintain our sustainable strategy, and keeping in mind community involvement through each stage of the project, we are confident that the new retail property will exceed expectations in meeting the growing demands of our end-users.”
For his part, Mr. Najeeb Kadiri, said: “Sapphire Mall in Dubai Industrial City is a significant opportunity to provide the destination’s growing community with a range of easily accessible, close-to-home retail facilities that meet their everyday needs. With its vast array of shops and restaurants, including Al Madina Hypermarket as the anchor store, the two-storey mall ensures both comfort and convenience. Moreover, integrating our understanding of consumers’ increasing focus on relationships and family, Sapphire Mall boasts remarkable offerings that will make it the community’s go-to destination for unmatched experiences.”
With the unveiling of Sapphire Mall, the facility is currently open to a number of retail stores and restaurants. The Al Medina Hypermarket has dedicated sections for fresh and frozen produce, as well as dairy, garments, electronics and household products, among other community-inspired needs. Upon complete activation, the mall will also provide for money exchange services and medical facilities.
Sapphire Investments LLC operates as the parent company of Sapphire Mall and has previously carried out projects for companies in residential, retail and commercial developments.