First batch of ‘Al Furjan’ markets opens

The first batch of the commercial complex, consisting of several retail shops, referred to as ‘Al Furjan’ or neighbourhood markets, was opened recently, according to Al Sharq newspaper.

The exact location of the newly opened market, however, has not been mentioned by the daily.

Waseef, the real estate utilities leasing management firm of the Barwa Real Estate Company is supervising and managing ‘Al Furjan’ markets.

The company handed over the first batch of shops to its beneficiaries, the paper reported.

The market, it is hoped, will contribute to the growth of the commercial sector in the country and will considerably ease the shopping issues and concerns of the residents of those localities which have no adequate shopping avenues and facilities.

The setting of such markets is also expected to check the unreasonable hike in the shops’ rents these days, it is understood.

At the opening of the first market some of the beneficiaries thanked the Waseef management for providing them with outlets on schedule and also at affordable rents, the paper has reported.

While hailing the whole initiative, Waseef’s Manager of Sales and leasing Mohamed Ali al-Hamdi said the neighbourhood market project is a novel initiative, backed by some social objectives and obligations. Waseef is managing almost 50% of the 645 odd shops at the neighbourhood markets, said the official.

In the coming months, a number of new neighbourhood markets would be ready for opening, said al-Hamdi.