Souq Sharq Waterfront, inaugurated on September 30, 1998, is a prominent shopping center in Kuwait City. Originally a traditional souq, it has transformed into a modern mall featuring a variety of international brands such as Boots, Kenneth Cole, Mango, River Island, Mothercare, and The Body Shop. The mall offers a range of dining options, entertainment facilities including a cinema complex, and houses Kuwait's largest food court. Its architectural design reflects traditional Arabic elements, creating a unique blend of cultural heritage and modernity. The complex also includes a world-class marina with 365 private yacht docks and a renowned fish market that showcases Kuwait's fishing culture. The waterfront promenades provide visitors with picturesque views of the Arabian Gulf, making it a favored destination for both shopping and leisure activities.

Insights

Decline in Popularity

In recent years, Souq Sharq has experienced a decline in visitor numbers and overall appeal. Factors contributing to this downturn include the closure of its cinema and decreased store activity, leading to a quieter atmosphere even during peak times. Visitors have expressed concerns over the mall's deteriorating condition and have called for comprehensive redevelopment to restore its former prominence.
Architectural Significance

Souq Sharq's design incorporates traditional Arabic architectural elements, preserving the authentic local character while offering modern amenities. This unique blend of old and new has established it as a cultural landmark in Kuwait City, attracting both locals and tourists seeking a distinctive shopping experience.
Comprehensive Amenities

Beyond shopping, Souq Sharq provides a wide array of amenities including diverse dining options, entertainment facilities like a cinema complex, and a world-class marina. The adjacent fish market and waterfront promenades enhance its appeal, offering visitors a holistic experience that combines retail, leisure, and cultural insights.

Building Details

Regional Centre

81436 SQM

National Real Estate Co. (NREC)

1998

1987

Debenhams', 'Sultan Center', 'Zara', 'Aldo', 'Anotah', 'Zain', 'Boots', 'H&M', 'Next', 'MotherCare'

Mall Demographics

500,000 People

2.5 %

32 Years

5.2 People

35 %

Economic Indicators

60,000 USD

2.1 %

70 Index

Consumer Spending

12,000 USD

2,500 USD

3,000 USD

1,800 USD

Mall Traffic & Performance

3,000,000 Visitors

120 Minutes

25 %

6,000 USD

Competition & Tenant Mix

100 Stores

Yes

3 Malls

80 %

Real Estate & Leasing

50 USD

5 %

Moderate

2,000 Square meters

Accessibility & Infrastructure

0.5 Km

Yes

1,500 Spaces

High

Digital & E-commerce Trends

High

30 %

98 %

Safety & Security

Low

High

Marketing & Events

Yes

Growth Potential

3 %

5 Tenants

No

Contact

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