Unit Price 7.13 SAR

Al Makan Mall Tabuk

  • Located in Northwest of the Kingdom, Tabuk region is close to the Jordan‐Saudi Arabia border
  • The city hosts the largest air force in KSA
  • The population as of 2017 is 777K with 1.81% CAGR between 2017 and 2020
  • The Kingdom aims to revitalize the province with the newly announced “Neom” city (approx. 180 Km from Tabuk City) which is considered as one of the key projects of the Vision 2030
  • Attracts a high number of travelers to Jordan by road
  • Shopping is a major activity as the town lacks entertainment options
  • Lack of large grocery stores in the city such as Carrefour, Danube and Hyper Panda
  • High volume of tourists in Tabuk, due to its rich historical sites. Tourists are a major demand driver for Retail
  • The new city of “Neom” with an estimated investment of $500b is expected to significantly increase retail demand in the area

CityTabuk

Land StatusOwned

Construction endMarch 2016

Current occupancy rate96.72%

2018 Gross revenue (SARm)21.77

2018 Net revenue (SARm)17.82

No. of tenants75

Acquisition Price (SARm)219.42

Top brands owners by Value

The asset is occupied by local and international renowned companies that contribute to the total mall revenue as follow‭:‬

Top 10 brands by value