Latest news with #ReemMall
Zawya
18-05-2025
- Business
- Zawya
UPAC reports Q1 2025 financial results
KUWAIT – United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, today announced its financial results for the first quarter of 2025. The company reported a net profit of KD 480 thousand, down 26% from 2024, or 1.19 fils per share. The company's recorded revenue for the quarter was KD 2 million, down 11% from 2024. Eng. Hamad Malallah, Chief Executive Officer at UPAC, said: 'UPAC's results are in-line with our expectations. The reduction in revenue is mainly attributable to airport-related services. We remain committed to identifying and pursuing strategic business opportunities within our industry that drive growth and create value for the company and its shareholders.' Malallah continued: 'Planning for the Al Messilah Beach Project (Plage-2) site has been progressing, where our teams are working on preparing the project for its opening and operation, meeting the relevant partners, and potential vendors who we will be working with on this exciting new project.' Al Messilah Beach, one of Kuwait's prime family entertainment destinations, was developed by Touristic Enterprises Company as part of its role in spearheading growth of Kuwait's tourism sector. UPAC is managing all aspects of the site including leasing, entertainment activities, facility management, and overall project operations. UPAC is also a co-investor in Abu Dhabi's $1.3 billion Reem Mall on Reem Island. The mall is the region's first fully integrated omnichannel retail ecosystem with digital, e-commerce, and logistics capabilities. It brings together all consumer and retail services to ensure a seamless customer experience. To date, 198 units are trading, and almost 80% of Gross Leasable Area (GLA) is committed. In Kuwait, UPAC manages operations of Kuwait International Airport's real estate and parking facilities at the Sheikh Sa'ad Airport Terminal (T3), and the development of Al Messilah Beach. About UPAC Established in 2000, publicly listed on Boursa Kuwait, and headquartered in Kuwait, UPAC is a leading commercial real estate and facilities management company with a specialization in Build Operate Transfer (BOT) initiatives. Its services cover project management and consultancy, real estate development as well as property and facilities management. UPAC also manages operations of Kuwait International Airport's real estate and parking facilities at the Sheikh Sa'ad Airport Terminal (T3). UPAC is part of the Kuwaiti-led consortium developing Abu Dhabi's Reem Mall, a $1.3 billion project spread over nearly 270,000 sqm. For more information, please visit the website:
CairoScene
15-05-2025
- Business
- CairoScene
Egypt's Concrete Opens First Gulf Flagship at Abu Dhabi's Reem Mall
Known for its Italian-informed refinement, Egyptian label Concrete makes its Gulf debut with a new flagship in Abu Dhabi's Reem Mall — a space as deliberate and elegant as the garments it holds. May 15, 2025 It's not just a store. It's a statement - of intent, of identity, and of what it means to design with quiet conviction. Concrete, the Cairo-born fashion house that has quietly shaped Egyptian menswear since 1989, has just opened its first location in the Gulf. The new flagship, situated in Abu Dhabi's Reem Mall, marks more than a geographic expansion. It's a reflection of a brand that has always chosen depth over noise, tailoring over trend, and form over fuss. Designed by international architect Franco Ferrarese, the space is an architectural continuation of Concrete's design philosophy. Inside, clean lines meet warm finishes, and precision never comes at the cost of ease. It's a store that doesn't shout — but it doesn't disappear either. Much like the garments themselves, it holds its presence with purpose. Since its founding, Concrete has carved out a distinct place in the region's style landscape. Drawing from Italian tailoring traditions while remaining rooted in the realities of Middle Eastern life, the label has long championed a wardrobe that bridges the old and the new, the refined and the functional. From sharply cut suits to contemporary separates, Concrete's collections speak in a language of restraint - confident, not performative. The Reem Mall location also features the brand's limited women's capsule - a refined edit of pieces designed for the iconic women of today. Sleek, tailored, and unapologetically modern, the collection brings Concrete's design ethos into a new conversation, without losing the architectural clarity it's known for. The opening of the Reem Mall store is a natural evolution - a considered step into the Gulf that aligns with the brand's rhythm of expansion: intentional, thoughtful, and meticulously executed. This isn't about a splashy regional takeover. It's about presence. Craft. And building something that lasts.
Time Out Abu Dhabi
13-05-2025
- Entertainment
- Time Out Abu Dhabi
FitnGlam is opening a luxury superclub in Abu Dhabi and it sounds pretty cool
If your glutes are ready for greatness and your post-Pilates smoothie deserves a better setting, here's some news to get excited about. FitnGlam, the UAE's ultra-luxe, women-only fitness concept is opening its second Abu Dhabi location — and this time, it's landing in Yas Mall. Set to open in late 2025, the 19,000-square-foot superclub will be the brand's sixth UAE outpost, following the success of its Reem Mall debut. The Yas Mall venue promises an elevated fitness experience, complete with the kind of glam touches that turn a workout into a wellness retreat. Expect four slick boutique studios offering everything from high-energy sessions and reformer pilates to cycle and MindBody classes. There's also a state-of-the-art strength zone, where even the equipment is curated for sculpting next-level glutes. But FitnGlam isn't just about the burn – it's also about the bliss. The Yas Mall location will include a private recovery haven with massage suites, an infrared salt sauna and a steam room, so you can restore your zen in serious style. And when the reps are done? Members can head to Café Efzin Fresh to refuel with wholesome meals and relaxed vibes. As ever with FitnGlam, it's not just about fitness – it's about community. Expect invite-only wellness workshops, exclusive events and networking opportunities that feel more fashion week than gym meet-up. In short: if your current workout routine is missing a little sparkle, FitnGlam Yas Mall is about to raise the bar. Opening late 2025. Yas Mall. More in Abu Dhabi… Everything happening in Abu Dhabi in 2025 From new openings to big events, this is shaping up to be quite a year It's official: Abu Dhabi Comedy Season is returning for a second edition with some huge names Wow, look at this line-up The 2025 concert line-up in Abu Dhabi just keeps getting better and better So many big names coming to the capital
Zawya
27-03-2025
- Business
- Zawya
UPAC reports 2024 full-year financial results
KUWAIT – United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, today announced its full-year 2024 financial results. Net profit for the year stood at KD 1.03 million, reduced by 36%, or 2.53 fils per share, compared with the same period last year. The company's revenue was KD 8.57 million, down by 15.5%, compared to the same period of 2023. Eng. Hamad Malallah, Chief Executive Officer at UPAC, said: 'UPAC's results are in-line with our expectations and the decrease in profits are mainly attributed to the reduction in revenues due to the end of the T4 parking contract in February earlier this year. We are committed to providing value for our shareholders while ensuring we continue to provide solid business performance for our customers.' Planning for the Al Messilah Beach Project (Plage-2) site has been progressing, where our teams are working on preparing the project for its opening and operation, meeting the relevant partners, and potential vendors who we will be working with us on this exciting new project. Al Messilah Beach, one of Kuwait's prime family entertainment destinations, was developed by Touristic Enterprises Company as part of its role in spearheading growth of Kuwait's tourism sector. UPAC will manage all aspects of the site including leasing, entertainment activities, facility management, and overall project operations. UPAC is a co-investor in Abu Dhabi's $1.3 billion Reem Mall on Reem Island. The mall is the region's first, fully integrated omnichannel retail ecosystem with digital, e-commerce, and logistics capabilities. It brings together all consumer and retail services to ensure a seamless customer experience. To date, 194 units are trading, and almost 80% of Gross Leasable Area (GLA) is committed. In Kuwait, UPAC manages operations of Kuwait International Airport's Terminal 1 (T1) airport mall, parking, and related facilities, as well as real estate and parking facilities at the Sheikh Sa'ad Airport Terminal (T3), and the development of Al Messilah Beach. About UPAC Established in 2000, publicly listed on Boursa Kuwait, and headquartered in Kuwait, UPAC is a leading commercial real estate and facilities management company with a specialization in Build Operate Transfer (BOT) initiatives. Its services cover project management and consultancy, real estate development as well as property and facilities management. UPAC manages over 24,000 sqm of commercial space at the Kuwait International Airport (Terminal 1), Sheikh Saad Terminal. UPAC is part of the Kuwaiti-led consortium developing Abu Dhabi's Reem Mall, a $1.3 billion project spread over nearly 270,000 sqm. For more information, please visit the website:
Syyaha
24-03-2025
- Business
- Syyaha
Apparel Group's Fast Fashion Brand R&B Aims to Open 250 Stores by 2025
Apparel Group continues to strengthen its presence in the region, with R&B strategically expanding its footprint across the GCC. With a bold vision to open 250 stores by 2025, R&B is solidifying its position as one of the region's leading fast fashion brands. Currently operating 149 stores, R&B has recently opened locations at Reem Mall – Abu Dhabi, Silicon Central – Dubai, Al Hayat Mall – Bahrain, City Centre Muscat & Safeer Mall in Oman, jouri Mall & Mujan Park in KSA, Downtown Souq, Al Khor in Qatar with upcoming stores in key locations, including Bawabat Al Sharq Mall in the UAE, a flagship 40,000 sq. ft. store in Marina Mall – Kuwait and many more. R&B shoppers in the GCC can now shop the latest R&B Ramadan Festive Collection, offering elegance, charm and vibrance for every iftar, suhoor and special gathering. Designed with the latest trends in clothing, footwear, and accessories for men, women, and kids, this collection seamlessly blends tradition with contemporary style. Women can indulge in beautifully designed floral dresses, coordinated sets perfect for Ramadan evenings. For men, the collection offers sophisticated line of printed shirts and distinctive crochet details that maintain both modesty and comfort. For kids, the collection brings carefully designed pieces – sequined floral dresses for girls and lightweight, comfortable attire for boys, each piece is crafted to make every celebration special. R&B's Ramadan Collection 2025 is available across all R&B stores in the GCC, online at and showcased across social media. We invite you to explore this stunning collection and celebrate the spirit of Ramadan with fashion that embodies elegance and joy.
