Dragon City and Vega Intertrade and Exhibitions, one of the most sought-after exhibition and event organizers specialized in the Middle East and North Africa (MENA) region, signed a corporate agreement to lease and operate ThaiMart, a Thai-themed retail development in the master-planned project.
Signing of the Agreement took place at the Diyar Al Muharraq Headquarters at the Bahrain World Trade Centre in Manama by Dr. Maher Al Shaer, the Managing Director of Dragon City, and Mr. Akavut Tangsilikusonwong, the Managing Director of Vega Intertrade and Exhibitions, under the patronage of H.E. Thanis Na Songkhla, the Ambassador of the Kingdom of Thailand to the Kingdom of Bahrain, in the presence of members of the executive management of Dragon City.
Set in the southwest corner of Diyar Al Muharraq on a 6,000 square meter area next to Dragon City, ThaiMart is a first-of-its-kind Shopping Center which will offer both local consumers and tourists products that are exclusively imported directly from Thailand. With the soft opening of the Mart expected to take place in the first half of 2019, it is set to revolutionize the oriental goods industry in the Kingdom of Bahrain with the vast array of retail opportunities it will provide.
The project design is infused with Thai architectural and cultural aspects, in a layout which will incorporate approximately 150 individual retail store spaces, with a spacious car parking lot for customers’ vehicles.
Speaking on the occasion, the Managing Director of Dragon City, Dr. Maher Al Shaer said: “It brings me immense honor to thank His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa for issuing an edict entitling holders of Thai passports to engage in retail commercial activities with 100 per cent ownership rights. At this juncture, I would also like to announce the agreement we have come to with Vega Intertrade and Exhibitions for the complete operations of what is set to be one of the flagship projects within our city, ThaiMart. With ThaiMart expected to further enhance the landscape of the retail industry in the Kingdom of Bahrain with the unique offerings that it provides, the Project will also significantly fulfill and augment the role that the city holds as a vital player in the economy of the Kingdom. Therefore, I would like to thank the Ministry of Industry, Commerce & Tourism, Bahrain Chamber of Commerce & Industry, and the Bahrain Economic Development Board for their great interest in and support for this visionary development.”
“Moreover, the concept of a Thai-themed shopping centre also serves to strengthen bilateral relations between Bahrain and Thailand, and the success it is envisioned to reap will reiterate the importance of supporting and enhancing the development of economic and investment cooperation between the two friendly countries. Therefore, we look forward to working with Vega Intertrade and Exhibitions for the manifestation of this promising development,” he added.
ThaiMart will offer a variety of Thai products such as food items, beauty products, garments, perfumes, handcrafts, home decorations and leather goods made available for purchase to the people of the Kingdom of Bahrain, thereby setting it up to draw in a multitude of visitors on a regular basis.
Dragon City is a first of its kind development that encompasses over 787 commercial units, making it the largest wholesale and retail trading centre in the Kingdom of Bahrain. Situated to the South-West of Diyar Al Muharraq in close proximity to Bahrain’s International Airport, the state-of-the-art Khalifa Bin Salman Port and the Capital of the Kingdom of Bahrain, Manama, Dragon City caters to customers from both the Kingdom and beyond. Dragon City is infused with Chinese architectural and cultural aspects and offers Chinese products of the highest quality to local consumers, trade customers and tourists.