Luxury Brands On The Italian Link Qatar Born Place Vendome in Lusail

Thursday, February 9th 2017. | Fashion

Luxury Brands On The Italian Link Qatar Born Place Vendome in Lusail

Qatar is reputed as one of the economies with the fastest growth rate on a global scale, boasting the highest GDP per capita in the world. Country rich in energy resources, Qatar has a growing interest in luxury both in terms of products and lifestyle. With a value of $ 12.4 billion in 2014, in fact, the retail sector in Qatar is considered the most attractive market in the Middle East, ranking fourth overall level mondiale1.

United Developers, ambitious and forward-thinking real estate development company of Qatar, is taking steps with the leading brands in Europe to promote the retail market of Qatar and, in particular, its development project by $ 1.25 billion to a new, large Polo Luxury, Place Vendome, currently being built in Lusail in Qatar.

The project is inspired by the famous Parisian street for luxury shopping, Rue de la Paix, which starts right at Place Vendome. With the opening scheduled for the third quarter of 2017, the project to 800,000 square meters will host two five-star luxury hotels, serviced apartments, a shopping center with 400 different stores and a central amphitheater that will host events and shows . Place Vendome, therefore, it offers a unique experience in its kind in the Middle East in the fields of fashion, luxury, architecture and design.

Commenting on the growing interest in Qatar and the Place Vendome from the retail market and global luxury, Sean Kelly, project director of Place Vendome, said: “Over the past two years, Place Vendôme has been very active in promoting business opportunities in Qatar markets. As the luxury market with the highest growth rate in the world and second shopping destination in the Middle East, Qatar is becoming one of the most important and attractive destinations in the world for the opening of new outlets by big international brands. The European brands, and in particular the Italian luxury brands are highly valued by customers Qatari and Arab that is increasingly turning its attention to high quality products. Made in Italy, in fact, , it is considered much more than a mere labeling for the brand: a synonym recognized luxury and craftsmanship. ”

United Developers has been actively engaged in the luxury, fashion and retail in Europe. Recently, the company has participated in the celebration of the 95th anniversary of Vogue in Paris, which was attended by key industry figures, including CEOs of major brands, designers, models, editors and artists.

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