Regional diversification will ensure that Mall investments reduce their risks of doing business while expanding their profitability. The high circulation of cash will be high in the region (Heerkens, 61). The shopping center will therefore stir up economic growth in nearly all sectors since businesses are always interdependent. This will in turn result in the growth of business surrounding the Shopping center consequently improving the economy of the investment group. Establishing business at the Al Qir will be made convenient since all service providers will be available under one roof. Profitability and the asset base for the Mall investment limited will be on the increase hence achieving their ultimate business motive of increasing stockholders’ wealth. This is because all the vendors are housed under one roof thus making them enjoy a great customer experience while purchasing all their products. The end-users of different commodities will have an easy task of assessing all their needs in one location. Justification of the projectĪl Qir Shopping Centre project is a project not just satisfying the business needs of the Mall Investment limited but a whole range of stakeholders and the economy of Ras Al Khaimah. The project will end after the construction process has been completed and a new management team will take over (Lock, 455). The availability of all these business entities and service providers in one shopping center will ease trading and hence making it a business hub of Al Qir. The shopping center will have all the telecommunication facilities, money transfer services, computer technology vendors, and commercial insurance agencies. The project will take in establishments of a banking hall, supermarkets, restaurants, supply chain retail stores, boutique, movie theaters, and other service shops. The project will therefore facilitate the development of independent business units under one roof. To diversify the company’s risks to different emirates (areas) so that in case of any downtime in one emirate, the company’s profitability will not be compromised.Īl Qir Shopping center project will include the establishment of a big shopping center that will host different business units.To stir commercial activity by bringing all business entities under one roof hence increasing money in circulation.The projected increase in profit is 20% consequently, this will reduce the risk profile of the company. To increase the company’s profitability.This will increase Mall investment’s assets base and profitability. To tap on the growing commercial opportunities in the city of Al Qir.

The following are the project objectives Al Qir’s shopping center project is not only in fulfillment of the growth strategy of the Mall Investment Limited but also responding to the business needs in Al Qir city.

Shopping center building