Royal Star International announce US$ 830 million mall is finished
UAE-based conglomerate Royal Star has announced completion of its flagship $ 830 million mall ‘Persian Gulf Complex’ in Shiraz.
The mall, the largest in the world in terms of the number of shops in a single complex, will offer leases on 2,500 retail premises when it opens in September 2011.
It will also be the world’s fourth biggest mall in terms of total area stretching out to around 420,000 square meters, closely following the Dubai Mall.
“The Persian Gulf Complex ably reflects our growth over the last few years and clearly shows our leadership in the development and creation of world class facilities,” said Hamzah Abu Zannad, director Of operations for Royal Star.
“Aside from building malls, we have successfully expanded operations to other industry segments like contracting, banking and finance, food and beverage, hospitality, retail, and exhibitions and convention centres.
“Our ventures into the region’s key areas of development complement our vision and mission to be an iconic brand that continuously applies innovative strategies that have been designed to give our customers the ultimate magical experience,” Zannad added.
Royal Star confirmed the complex will house a 14,000 square meter Carrefour Hypermarket; six 240-seat capacity cinemas; a 28,800 square meter arcade with interactive video games, bowling alleys and a three-storey billiard hall; and a four-storey parking area that can accommodate 5,500 cars; an indoor amusement park, and an outdoor park called Iran Land, with roller coasters.
Currently under construction, the five star Burj Fars hotel will open in 2012.