4 minute read
“Souq7” A New Modern Retail Project is Born
“Souq7” A New Modern Retail Project is Reborn
Advertisement
With more than 20 years of experience in corporate strategy, development, asset management, sales & operation in the field of real estate and retail. Currently, Ayman Al Burti is the CEO of Azad Properties overseeing the delivery of the organization’s vision by developing innovative and sustainable projects to unleash the full potential of the diversified portfolio. Prior to joining Azad in 2017, Ayman was the Chief Commercial Officer at AWJ Holding since 2016 and was the Chief Operating Officer of Anan Holding in 2015. He served in various capacities with Kinan International Real Estate Company - Savola Group for 10 years since 2005, where he started as Regional Leasing Manager and later became the Senior Sales Director.
Ayman Al Burti
CEO Azad Properties Along with other cities, the city of Jeddah is undergoing enormous changes. Major projects are taking place and one of the most significant projects is the redevelopment of the city after removing old and abandoned buildings while replacing them with modern housing. 64 districts will be demolished, and 20 districts will be developed without demolishment work. After the demolishing process, new districts will be reborn. Various companies are contributing to the redevelopment of the demolished areas, among these companies is Azad Properties - a subsidiary of AWJ holdings, specialized in Development & Property Management, which is contributing to the rebuilding and reshaping, through its new and elegant projects making the reborn process one of its kind.
A new beginning is rising, will be called, “Souq7” a diversified mix of retail stores and services and an address for those looking for value deals. Souq7 is being renovated and developed with its area of 728,000 square meters, containing 7 zones that provide a diverse, enjoyable, easy and safe shopping experience. Developed by Azad Properties Souq7, “A Souq for Everyone,” is located in Al Jamea District, south of Jeddah in area Kilo 7.
Not only the Souq will be reborn, but a new concept of outdoor shopping, as well. Based on a unique structure, Souq7 will offer modernized infrastructure, while preserving the culture of the city in specific, and the Kingdom in general. Furthermore, it will offer more than 4000 shops spread all over 7 zones. The project is expected to generate retailers’ & tenants’ revenues that stand around 2.3B SAR while contributing to more than 24 thousand new jobs.
Souq7, “A Souq for Everyone,” will meet the needs of all shoppers and visitors, as it seeks to contribute to making the region succeed and develop. The new Souq will offer visitors various services and experiences through a unique and modern ambience.
“Souq7 will provide commercial clients premium profits to realize their financial growth and sustainability. The rising project has a professional team of experts who are capable of engineering flexible plans that surpass the requirements and needs of its clients”, said Ayman Mohammed Al Burti, CEO of Azad Properties. “Souq7 will bring new opportunities to tenants and retailers to gain the advantage from the increasing demand of the open commercial market in KSA”, he added.
Besides, Souq7 promises a captivating shopping and entertainment experience, to various visitors from the Kingdom of Saudi Arabia and abroad as well as it offers great investment opportunities for global brands as well as local SME’s.
“Azad Properties is working on recreating the land through its new retail project as a preferred destination to everyone that will serve as an incubator for innovative, emerging brands, enabling them to expand to the regional market and beyond”, Al Burti explained.
In addition, the company will host some of the most popular brands in various categories, including clothing, furniture, electronics and many more. The new Souq will also, offer 7,000 general parking, 6 mosques, 114 buildings with special locations, 10 cinema screens on an overall area of 728,000 metres squared, and a leasable area of 424,000 metres squared. Visitors of Souq7 can live an unforgettable experience across the paths of the Souq as it is designed to enhance the experiences of heritage shopping and stimulate the senses. Additionally, the new project will witness changes and shall feature vital services including hospitality as well as F&B outlets, commercial stores, public places, and healthcare properties. Without forgetting the entertainment areas as the main attractions of Souq7 which will be offered to all visitors and tourists. The entertainment areas are characterized by a variety of recreational activities that provide various types of entertainment for all family members of all ages and tastes.
“We are exerting our efforts to ensure the success of the project and our clients as well as visitors. Azad Properties looks at the future from a wide angle ensuring the retail industry is well-maintained and more retail and entertaining projects to be reborn”, Al Burti concluded.
