Shopping malls have become the centerpieces for rejuvenation of cities in Lebanon. The concept of a singularly owned and operated multi-tenant commercial property is thriving. The shopping center industry forms an important layer of the mainstay that buttresses the Lebanese economy and society. As a principal facilitator of retail sales, it is a major contributor to private consumption, and has a significant impact on investment. Moreover, shopping centers are a prime generator of employment among young adults and a critical source of flexible working opportunities for students.
The major shopping centers in Lebanon are ABC, Beirut City Center, Beirut Souks, Citymall, Le Mall, and Dunes. The competitive environment that a mall faces today is considerably different from that faced in earlier days when their primary competition was a downtown business district or shopping streets. Today, a mall’s primary competition is more likely to be another mall.
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Lebanese Malls Adopting the Philosophy of “Build it! They Will Come!”