By Sachin Kumar
DOHA: Residents of Wakrah are expected to see the first mall in the area opening its gates for customers this year. Ezdan Holding Group announced it is planning to open the swanky Ezdan Mall in Wakrah by the end of this year. Spread over an area of 64,785 square metres, the mall will host several reputed global brands.
“Ezdan Mall has gross leasable surface of 38,800 square metres and will host 167 retail units, hypermarkets, international brands food court and theme park. The expected opening of this project is going to be the fourth quarter of this year,” said Dr. Mousa Al Awwad, Chief Operating Officer, Ezdan Holding, delivering lecture on ‘Ezdan Journey in half a century and its role in supporting the country’s economic growth’ on Thursday at Cityscape exhibition.
He talked about the overview of the group and its existing and new projects. He also said many of the brands present in its Gharafa Mall will be seen in the upcoming mall.
“There will be some brand names. They are all famous, they are all well known. If you look at our Gharafa Mall, several of these names will be coming to Wakrah Mall,” he said. “Al Wakrah does not have any mall. We are going to be the first and the only mall in that area,” he added.
Ezdan real estate has more than 20,000 units in the real estate business which translate into hosting 4.5 percent of the total population of Qatar. Dr. Mousa said the Group’s another mega project ‘Ezdan Oasis’ in Al Wukair, can accommodate more than 35,000 people.
The project includes integrated services such as mosques, sports clubs, schools, shops and offices as well as more than 8,769 residential units.
Ezdan Oasis will be a remarkable leap to the region in terms of increasing population density and the provision of appropriate units that would meet the Qatari market demand for housing units.
The Group is planning to launch the first phase of the project during the first quarter of next year, while the following stages will be in the next few years successively. The total cost of the project exceed QR4.5bn, providing a variety of 9,346 units.
Ezdan Oasis comprises eight mosques, five sports clubs, two huge hypermarkets. Around 60 percent of Ezdan Oasis project in Al Wukair completed, the first phase early next year.
The vision of the Ezdan Holding Group is to achieve leadership in investment, through professionalism in the business industry and assets development.
The mission of the group is to seize investment opportunities to achieve significant returns to shareholders at the lowest possible risks, providing a motivational working environment for employees, following development plans guidelines of Qatar and adhering to social responsibility and regulations.
The Peninsula
