(MENAFN) The developer of the Mall of Qatar sees no risk to the USD1 billion project on the back of the low oil prices and expects to have signed up retailers for the space by year-end.
Deputy managing director of the mall said 85 percent of the mall was already taken due to cover the space of 50 soccer pitches and he expected 100 percent to be committed by 2015-end.
The huge shopping mall, located next to the stadium that is due to host the 2022 World Cup, is set to open next August, hosting 500 stores including a Carrefour hypermarket.
"We have not seen any slowdown in the retail community. For every space option, there are three alternatives," he told a news conference at the World Retail Congress in Rome.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.