01 March 2021

Nakheel Malls, the retail arm of master developer Nakheel, has joined hands with DP World, the leading smart trade enabler and provider of global end-to-end supply chain logistics, to launch a centralised one-stop shop, Souk Al Marfa.

Strategically located at Deira Islands and stretching 1.9 km along the waterfront, Souk Al Marfa is in close proximity with Mina Rashid, Mina Al Hamriya and Deira Wharfage, with the potential to ship and import directly to its 2,500 shops and pavilions. Due to open next month (April), the vibrant retail and trading hub will operate seven days a week and 365 days a year.

A centralised one-stop shop at Deira, Dubai’s oldest and most traditional trading hub, Souk Al Marfa provides affordable growth opportunities to traders by offering multiple benefits including 100 per cent foreign ownership, repatriation of capital and profit, no restrictions on currency movement, logistical ease and ancillary amenities such as warehousing, office space, showrooms, ancillary retail and food and beverage (F&B) facilities – all with minimal paperwork.

Souk Al Marfa is the second collaboration between Nakheel Malls and DP World to be announced in the last five months. The first, dragonmart.ae, was launched in September 2020. 

• Al Qana developing new Riviera-style marina
• Nakheel Malls, DP World to open new retail hub
• Gyproc supplies 188-key Sofitel property
• Dubai-Al Ain Road upgrade on track
• New Siemens power plant fired up at EGA
• The Pulse second phase launched in Dubai South
• Ithra’s One Za’abeel Tower B topped out
• Ewec invites bids for major RO water project
• Empower starts Dubai Production City plant
• National guide for smart construction unveiled
• News in brief

Tags

Riyadh Red Sea Project Fire Protection German Expertise Excavators Rebar & Cement Just Out Drainage & Sewerage TechTalk Regional News Saudi Focus UAE Focus Expo Countdown Events Legally Bound Tenders Architecture & Design Real Estate Contractors Interiors Manufacturers & Procurement

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.