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Abu Dhabi / WAM
Modon Properties, mandated by the Government of Abu Dhabi to develop integrated tourism destinations and sustainable residential communities, signed a long-term lease agreement with LuLu Group International for the operation of retail outlets at the Courtyard Mall complex in Riyadh City, Abu Dhabi.
The agreement is the result of Modon’s ongoing cooperation with leading retailers as a part of its efforts to meet the needs of residents of Riyadh City and ensure the steady progress and on-schedule
delivery of the Courtyard Mall.
The 25-year lease covers the rental of an area of 3,661 square metres within Riyadh City’s Courtyard Mall commercial complex for the operation of the LuLu Hypermarket chain of stores.