Red Sea Mall embarks on SR200m expansion

The Red Sea Mall, claimed to be Jeddah’s biggest shopping center and family entertainment district, formally announced the commencement of its largest expansion project at a special ceremony attended by VIP retailers, businessmen, influencers and members of the media at the Park Hyatt Hotel.
Red Sea Mall Markets Co. Ltd. Chairman Saleh Bin Mahfouz said: “The Red Sea Mall’s SR200 million expansion strategy is the largest mall expansion in Saudi Arabia. The expansion will add even more international brands and entertainment facilities, and underscores our unwavering commitment to enhancing the Red Sea Mall experience for our valued visitors and tenants.”
Red Sea Markets Company CEO Mohammed Alawi said: “The massive expansion was necessary as there is a huge demand for commercial rental space at the Red Sea Mall. We have a long waiting list of potential tenants, and this list increases on average by 8 percent annually.”
Alawi added: “The Red Sea Mall expansion project will bring mall shopping, dining, leisure and entertainment to a whole new and exciting level. The expansion will add around 145,000 sqm of gross leasable area (GLA), including a 4,000 sqm open space that will showcase premier international brands and a variety of restaurants.
Middle East Council of Shopping Centers CEO David Macadam said: “Demographics in the GCC are a key reason for the retail growth in the region. 65 percent of the population is below the age of 25. This age group has great consumers who will remain so for the next 20 to 30 years which bodes very well for the retail industry,” Macadam added.
The first phase of Red Sea Mall’s expansion actually began in March and the largest phase will start soon at gate number 1 and then gate number 9, without affecting the mall’s operations.