ABU DHABI — IKEA UAE, a partner of the Al-Futtaim Group, kicked things off in the capital for the greatest IKEA store in the Middle East on Wednesday, and said it will look for additional extension in other undiscovered Gulf markets, for example, Qatar and Oman.
IKEA hopes to serve almost 1.3 million guests in the main year of tasks it really gets started on Yas Island, the new relaxation and diversion goal a work in progress in Abu Dhabi by Aldar Properties, in mid 2011.
IKEA, Swedish furniture retail mammoth, as of now has four stores in the locale – one in Kuwait and three in Saudi Arabia — with various establishments. In the UAE, it as of now has two under the establishment relations of Al Futtaim Group and the third one will be prepared in Abu Dhabi one year from now.
“We are searching for comparable rights in Qatar and Oman,” Mile Franicevic, Group Director of Al-Futtaim’s retail business told journalists after the historic function on the Yas Island.
Franicevic said that it would be a joint endeavor in Doha and most likely a blend of private and business sections. “MoU [Memorandum of Understanding] will be marked in March this year and afterward we will unveil further subtleties,” Franicevic said.
Al Futtaim Group has wandered into property abroad with Festival City-style extends in Cairo. “In momentary our emphasis is on Egypt since Al Futtaim is building up a Cairo celebration city, which is an adaptation of Dubai Festival City.
Prior, IKEA UAE and Abu Dhabi-based Aldar Properties together got things started on Yas Island for the greatest IKEA store in the Middle East
The IKEA store will frame some portion of Yas Island’s retail revolve based around Yas Mall, highlighting a wide scope of retail classifications from singular boutiques to huge arrangement esteem retailers, the organization said in an announcement.
The present IKEA store in Marina Mall will migrate to Yas Island where it will be an undeniable idea store. IKEA Dubai likewise works a store at Dubai Festival City.
“The IKEA store on Yas Island will be a finished family goal and will serve the IKEA idea with its full help stockroom. We have just decided the perfect store size and profundity of range, and if all works out in a good way, are wanting to be ready for action inside one year from today,” Franicevic said.
Franicevic affirmed the 32,000 square meter store would be a solid force for the Swedish retailer to push ahead with plans to venture into the district.
“Our business keeps on developing in the Middle East, more so in the present monetary condition. This is confirmation of the quality of the IKEA brand right now the world and the exceptional steadfastness of our clients.
Mohammed Al Mubarak, boss business official, Aldar Properties, stated: “Aldar is focused on carrying the absolute best worldwide brands to Yas Island and all its retail advancements, and the beginning of development on the Middle East’s best IKEA store is an extraordinary achievement in accomplishing this objective.”