NEWS ROOM
March 1, 2006

40 MILLION KUWAITI DINARS TO BUILD THE NEW FACE OF SHOPPING CENTRES IN KUWAIT

Tamdeen Shopping Centers Company, a subsidiary of Tamdeen Group and a company specializing in the development, leasing and management of shopping centres, announced today that Ahmediah Contracting & Trading Company was awarded the 40 Million Kuwaiti Dinar construction contract for the exciting new development in the South Surra area. The project – 360 MALL– is located at the intersection of the airport highway and Sixth Ring Road, making it one of the strategic locations in the city.

The developer, Tameen Shopping Centers, is looking at creating one of the largest and most exciting retail and leisure destinations in the centre of Kuwait. “The mall will be a modern interpretation of the traditional designs and echo many of the architectural features of the region” said Mr. Marzooq Al Marzooq, Chairman of Tamdeen Shopping Centers. “The materials, colors and environmental graphics have all been carefully chosen to deliver the experience of travel through time and space” explained Mr. Al Marzooq.

The design and architecture were inspired by the Arab tradition of navigation by the stars and history of planetary studies and was named “360 MALL” to reflect the unique curvilinear shape of the building and the interior circular concourses.

360 MALL brings to the a market a leasable area of approximately 60,000 square meters and incorporates features such as a hypermarket, a number of department anchor stores and a wide range of specialty stores from fashion and apparel for men, women and children, footwear, jewelry, accessories, fragrances and cosmetics, to electronics, toys and products for the home The shopping centre also has a large dedicated food and entertainment area, a 15-screen luxury cineplex and an IMAX theatre in addition to food court restaurants, cafes, a bowling area. Separate entertainment facilities for teenagers and families will complete the entertainment offer. The completion of construction is expected by October 2008.

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