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Mall of Srinagar

  • 20 Mar 2023

On March 19, 2023, the UAE-based Emaar Group, known for developing the Burj Khalifa, announced its first foreign direct investment (FDI) project in Jammu and Kashmir.

  • The project will include the development of a shopping mall and an IT tower in Srinagar, which will create new job opportunities.
  • The "Mall of Srinagar" will cover 10-lakh sq. feet and will have 500 shops, many of which will be run by UAE-based companies.
  • The overall investment for the project is estimated to be Rs 500 crore.
  • The announcement was made on the day of an India-UAE investors' meet hosted in Srinagar, which was considered a unique opportunity for discussing investment opportunities in J&K.