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Al Taif Investment announces plans to open 5-star hotel and mall in Fujairah

Al Taif Investment announces plans to open 5-star hotel and mall in Fujairah

Kanchan Nath

- November 4, 2022

Al Taif Mall is currently almost 50% leased with Al Taif Business Center getting ready to open doors as an inclusive facility, providing an iconic fusion of business and leisure facilities. Al Taif Investment, a joint venture between Dubai Investments – the diversified investments company listed on the Dubai Financial Market and Fujai rah Investment Establishment (FIE), the investment arm of the Fujairah Government, has tannounced new business updates of Al Taif Business Center, itsflagship project in Fujairah. Al Taif Mall, the retail segment within Al Taif Business Center is almost 50% leased out.

The G+2 level shopping mall, nestled between Al Taif Business Center’s 19 floor Hotel Residential and Office Tower is spread across both the towers and is equipped with 45 retail outlets including supermarkets and other lifestyle stores. The mall is getting ready to open doors for shopping and has signed up with Step-in Group, home to a multitude of leading international and national brands for apparel, fragrances, accessories, cosmetics, footwear, and more commodities, accommodating the needs of the Centre’s diverse visitors.

Earlier this year, Al Taif Investment signed a contract with Hilton to open Double Tree by Hilton in Al Taif Business Center with 228 guest rooms, a ballroom counted amongst the biggest in Fujairah along with a wide selection of restaurants and other amenities. The hotel is also gearing up to open doors by the end of this year, providing residents, visitors and tourists a perfect venue for business and leisure.

Elie Hadwan, business center manager, Al Taif Investment commented: “The partnerships with the Hilton Group and the Step-in Group, reiterate the commitment to provide access to  quality living, lifestyle, shopping and business options. We are expecting the mall to reach the70% leasing mark by the end of the year. Once operational, Al Taif Business Center will contribute towards alleviating Fujairah’s attractiveness as an evolving emirate across the UAE.”

Birendra Tiwari, founder and CEO of Step In Group commented: “We are thrilled to introduce our 7 diverse brands at Al Taif Mall Fujairah. We believe our consumers will be pleased with the wide variety of product offerings from our brands. Our aim is to bring “Freshness” to the retail market in UAE. We look forward to bringing Penti, Mia Makeup, SHOE BOX, MODA OUTLET, Little’s, Home HUB, and proXsports to a new audience.”

The residential apartments within Al Taif Business Center are also more than 60% leased out and residents have already started moving in. The office spaces within the center are also gaining traction and are spaces in shell and core, promoting the concept of working in a business district, with access to varied business requirements.

Al Taif Business Center’s strategic location is a distinct advantage that the project offers. The project is located approximately 5 minutes from Fujairah International Airport with proximity to the arterial road of Hamad Bin Abdulla, granting connectivity to other Emirates as well as other parts of Fujairah.

 

 

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Al Taif Investment announces plans to open 5-star hotel and mall in Fujairah

Kanchan Nath

- November 4, 2022

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May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats