The developer has awarded a contract for the project to Overseas AST Company.
The new innovation centre will help develop products that will cater to the tastes of the local market and boost regional sales, the company said.
MAF-Fashion will begin the roll out of the AllSaints stores across the GCC in 2015, a statement said.
Discovery Gardens Pavilion has nearly 30 shops, a medical centre, a nursery, restaurants and cafes along with a Geant Easy supermarket.
The state-controlled retailer launched the repricing exercise last month, one of a string of United Arab Emirates companies to cut their borrowing costs in recent months.
The first phase, anticipated to include retail and hospitality elements, will be completed in three years.
The Kharafi family is the billionaire majority shareholder with 66.8 per cent of the firm.
The retailing unit of Emaar Properties will launch an IPO on the Dubai Financial Market on September 14.
Majid Al Futtaim Finance has partnered with Rovio Entertainment, which owns the Angry Birds brand, to create the prepaid card for UAE customers.
The mega project, announced earlier this year, will house the world’s largest shopping mall.
Rocket Internet group and Sweden’s Kinnevik are combining five international fashion e-commerce firms including Dafiti, Jabong, Lamoda, Namshi and Zalora.
The new expansion project, which will begin later this year, will see the introduction of 60 new shopping and dining options.
Jumeirah Park Pavilion is a 10,6000 square metre retail facility and will cater to residents of the Jumeirah Park, Jumeirah Islands and Jumeirah Village communities.
The move is part of a large-scale redevelopment plan which includes reforming the mall’s exterior and adding more retail brands.
Nick Peel joins the start-up firm having previously worked at British retailer McArthurGlen as well as soccer clubs Arsenal and Rangers.
Emaar, Dubai’s largest real estate developer, will offer 30 per cent of the shares to individual investors and 70 per cent to qualified institutional investors.
Yas Mall, set to open in November, is slated to become the emirate’s first ‘super-regional’ mall.
The deal will create the world’s third-largest fast food restaurant group, with sales of about $23 billion.
The new phase will include a redesigned VOX Cinemas complex and the launch of new fashion brands and F&B outlets.
The two million square foot mall will feature a multi-screen cinema, supermarket, speciality shops and F&B options.
In an exclusive interview, George Kostas elaborates on the future of the company.
The store is the first to open for business in the mall’s renovated North Wing.
Malas is leaving to pursue new opportunities in the SME sector, the company said.
The six-year loan, originally signed in July 2012, was split between dirham- and U.S. dollar-denominated tranches.
Kuwait’s Americana issued a statement earlier this week saying it had no knowledge of any talks with Savola on a possible acquisition.
It said a recent meeting between the two companies was intended only to discuss the possibility of joint cooperation in certain fields and markets.
The first phase of the new shopping mall – located in IMPZ – will feature 60 international outlets.
The listing is expected to raise Dhs8-Dhs9 billion, making it one of the region’s largest equity offers since 2008.
Americana, 67 per cent owned by the Kharafi family, may be sold, according to reports.
The company is also building a factory in Dubai to keep pace with its growth plans in the region.