Nakheel Malls, the retail arm of master developer Nakheel, has joined hands with DP World, the leading smart trade enabler and provider of global end-to-end supply chain logistics, to launch a centralised one-stop-shop, Souk Al Marfa, in April.
Dubai: Nakheel Malls, the retail arm of Nakheel, has launched a new retail and trading hub in partnership with DP World.
Souk Al Marfa, which is located in Deira Islands, offers multiple benefits to traders including 100 per cent foreign ownership, repatriation of capital and profit, no restrictions on currency movement, logistical ease and ancillary amenities such as warehousing, office space, showrooms, ancillary retail and F&B facilities.
“Dubai excels in the movement of goods globally through its port facilities, but we uncovered an opportunity for SME traders at a wholesale level,” said Omar Khoory, Chief Hospitality and Assets Officer, Nakheel.
Nakheel Malls, DP World to open new retail, trading hub tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
UAE hotels revenues, occupancy likely to move lower this year
DUBAI, February 2, 2021 UAE hotels braved a tough year in 2020 and are looking to 2021 with hope following the vaccine rollout. However, increased upcoming supply amid a slow revival in demand will see revenue and occupancy levels likely move lower in 2021, according to Cavendish Maxwell, a leading property consultancy and chartered surveying firm providing services in the Middle East and Africa. As expected, 2020 was a tough year for the hospitality industry in the UAE, with several hotels in shuttering on a temporary or permanent basis. However, some others have used the pandemic as an opportunity to revisit and cut operating costs thereby improving margins not only for 2020 but beyond. As a result, they have successfully brought down the occupancy rate required to break-even, which is lower than the typical 40 per cent, said the expert in its Q4 2020 UAE Property Market Report, containing key da
BANGKOK, 9 February 2021: Centara Hotels & Resorts, Thailandâs leading hotel operator, embarks on an international expansion strategy in 2021 that will include the opening of new properties and brands across the Asia Pacific and the Middle East.
Centara will add another eight hotels and resorts to its
portfolio across seven countries this year, including the world’s first Centara
Reserve, a luxurious new collection of elegant hotels and resorts, and two more
Centara Mirage themed resorts.
âCentara remains confident in the underlying strength of the
tourism and hospitality industries. 2021 will be an exciting year for our
company as we introduce eight new hotels in seven countries, including our