Tuesday, April 15, 2008

Middle East retail property developers urged to go 'green'

The organizers of Retail City 2008 in Dubai, have urged property developers in Middle East to adhere to the emerging global trend of building 'green' malls, which is something that cannot be ignored.

The fast-paced Arabian Gulf economies have been developing ambitious retail infrastructure projects. The 'Retail City 2008' expected to take place between 1st and 3rd June 2008 at the Dubai International Exhibition Center, will witness a gathering of investors, global retailers, shopping center developers, shopping center management, franchise networks, architects and regional authorities all under a single roof, to focus on all aspects of retail development cycle.

The Project Manager of Retail City 2008, Naomi Koningen, has said that the Middle East retail sector currently exceeds $100bn in value annually, and is second to the residential property sector in the non-oil economy. Hence, it is vital that this huge economic sector takes into account the impact that it bears on the environment and the need for sustainability in design and construction of malls and stores.

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