Emaar and Magna Waves Buildtech have launched the Mall of Srinagar, the first international mall in Jammu and Kashmir. The foundation stone was laid by Manoj Sinha, Lieutenant Governor of Jammu and Kashmir, at Sempora, Pampore. The signage stone for the mall was unveiled in the presence of eminent dignitaries, Kailash Vijayvargiya, National General Secretary of BJP; Dr. Aman Puri, Consul General of UAE; and representatives from strategic partners including Tata Projects, Voltas, Reliance Retail, Lulu Hypermarkets, Apparel Group, Devyani International, PVR Cinemas and EFS Facility Management Services.
TATA Sons, TATA Consulting, Lulu International, Apparel Group, Titan Company, EaseMyTrip, Reliance Retail and PVR Group have signed MOUs with Emaar for Mall of Srinagar to create 13,500 jobs in the valley.
EMAAR Properties, a UAE-based integrated real estate development company, will spearhead the construction of the Mall of Srinagar. The mega-mall is the first significant FDI investment in the State of Jammu and Kashmir to facilitate investments in marquee projects as per the MoU signed between the governments of the UAE and India. A ceremonial foundation stone laying also called Bhoomi Poojan, was conducted.
“The Mall of Srinagar and allied projects with the government of Dubai will fuel the economic growth of Jammu and Kashmir and bring us closer to achieving our shared vision of strengthening bilateral trade and investment ties between UAE and India. By creating jobs and attracting new businesses to our union territory, we are laying the foundation for a stronger and more prosperous future for the people of Jammu and Kashmir," said Manoj Sinha, Hon'ble Lieutenant Governor of Jammu and Kashmir. The Mall of Srinagar is expected to open its door to residents of the city by 2026.
