Dubai Industrial Park (DIP) has announced the official opening of its first retail unit, Sapphire Mall, built to cater to the residents within the industrial hub.
The project has been developed with an investment value of $27.2 million and has 19,974 sqm of retail and dining facilities and is the first project jointly completed by DIP and Sapphire Investments, the parent company of Sapphire mall.
The opening ceremony of the mall was attended by officials from Telcom Group of which DIP is a member, along with the managing director of DIP and directors of Sapphire Investments.
During the launch ceremony, Saud Abu Al Shawareb, managing director at Dubai Industrial Park said: “The opening of the new mall not only serves our ambitious plans to position Dubai Industrial Park as a lucrative hub for business investment, but also reflects our commitment towards the community.”
“In working closely with Sapphire Investments to develop, implement and maintain our sustainable strategy, and keeping in mind community involvement through each stage of the project, we are confident that the new retail property will exceed expectations in meeting the growing demands of our end-users,” he added.
Najeeb Kadiri, director at Sapphire Investments said that the new mall in DIP was a significant opportunity to provide the destinations growing community with a range of easily accessible, close-to-home retail facilities that meet their everyday needs.
“With its vast array of shops and restaurants, including Al Madina Hypermarket as the anchor store, the two-storey mall ensures both comfort and convenience. Moreover, integrating our understanding of consumers increasing focus on relationships and family, Sapphire Mall boasts remarkable offerings that will make it the communitys go-to destination for unmatched experiences,” he added
The release stated that once the mall is fully active, it will also be able to provide money exchange services and medical facilities.
