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Company News :

  The opening of aseer mall.
KSA: Al Habib RE The launching of aseer mall abha the coming august with the total cost of 26.6 million dollars.

Al Riyadh: musaed al zayani
Al habib RE Company has announced the launching of abha mega mall north of KSA with the beginning of next august for the total cost of 100 million riyals (26.6 million dollars) which is located at a 50000 square meter. Engineer saleh al hbib the general manager of the company has stated that abha mega mall is considered on of the biggest investments in the region, and its one of a kind at aseer region, a feasibility study has been conducted to study the needs of that region before hand.

The study has also shown that the shopper in abha is forced to go to Jeddah to get their needs for a period that reaches two weeks, stating that the company is targeting within its strategy to provide RE services to cover a large area in KSA and to provide high scale malls.

The mall consist of 205 shops scattered on two levels each is 17.5 square meter, and altitude of 10 meters, also consisting of food court, amusement park for the kids and car parking.

The GM also stated that the group has chosen the coming august to launch the project in order to be ready for the tourism season at aseer region, as aseer attracts a large amount of tourists at the summer time due to its moderate atmosphere.

More than 90% of the center has been leased for very well known brands of the world, in which is opening for the first time in that region.

Al habib RE Company is working on setting up the concept of true evolution in RE market in regards to project construction. Owning a lot of projects scattered in different areas of KSA. Currently launching hayat mall in Riyadh with the total cost of 350 million riyals (93 million dollars), al andalus center in Jeddah and jarir mall in khobar.


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