Mabanee allocates part of Avenues mall new expansion

03/05/2012 08:11 AST

Mabanee Real Estate Company, overseeing the Avenues Mall project, said that part of the mall's new expansion will be allocated for Kuwaiti small businesses.

The company said in a press release, on Wednesday, that the leasing process of stores in the new expansion phase was complete. Kuwaiti owners of these small businesses were required to pay nominal fees for rent in means of support.

The new expansion will add a new dimension to the mall. It takes the form of an old Kuwaiti souk with old architectural designs and narrow allies, making the Avenues one of the most prestigious malls in the world.

The mall will have an overall leasable area of more than 270,000 square meters, with over 800 stores and parking for 10,000 cars. The total project development will cost around 300 million Kuwaiti dinars (over one billion US dollars).


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