By Mandeep Singh, Posted on » Tuesday, January 19, 2010
A NEW BD5 million shopping centre will open in Manama in the next two years, it was revealed yesterday.
The Hyatt Shopping Centre will be built in the Mahooz area under a deal signed by Alosra Supermarket, a subsidiary of Bahrain Maritime and Mercantile International BSC (BMMI), and Nasser Pharmacy.
BMMI retail and distribution chief operating officer Mike Eastwood and Nasser Pharmacy managing director Dr Fadhel Al Arrayed signed the agreement at the Ritz-Carlton Bahrain Hotel and Spa yesterday.
The shopping centre will be owned and operated by Nasser Pharmacy and is slated for completion by the first quarter of next year.
The development will cover an area of 8,749sqm with Nasser Pharmacy and Alosra as anchor stores.
"This is a great opportunity for us to expand our presence into the Capital Governorate," Mr Eastwood told a Press conference after the ceremony.
He estimated that 100 jobs would be created, most of whom would be Bahrainis. Meanwhile, Dr Al Arrayed said the shopping centre would be supported by a selection of outlets including a food court.