Alshaya Group Signs Agreement with Mabanee to open H&M, Primark, Ulta Beauty and over 20 more stores at Aventura Mall

13 May 2026

•    Aventura Mall represents a forward-looking vision for development projects in Kuwait, designed to international standards and a contemporary landmark for Jaber Al-Ahmad City
•    Alshaya Group’s partnership with Mabanee strengthens Jaber Al-Ahmad City’s position as a modern urban destination, with stores including leading global brands from Alshaya’s portfolio including H&M, Primark and Ulta Beauty

Mabanee Company (K.P.S.C) announced the signing of an agreement with Alshaya Group, the leading international brand franchise operator, to open over 20 stores at Aventura Mall, spanning a total leasable area of over 10,000 square meters.  Aventura Mall will open in Q3 2026. 

A Portfolio of Leading Global Brands

Alshaya Group’s presence at Aventura Mall will feature a diverse mix of prominent international brands, including Starbucks, American Eagle, Foot Locker, H&M, Raising Cane’s, Shake Shack, Chipotle, Victoria’s Secret, Bath & Body Works – as well as Primak and Ulta Beauty, which opened their first stores in the region at The Avenues – Kuwait in Q4 last year.
Ulta Beauty will open in Aventura Mall in Q4 2026, and Primark in Q1 2027.

Enhancing Visitor Experience and Supporting the National Economy

On this occasion, Mr. Waleed Khaled Alsharian, Chief Executive Officer of Mabanee Company, said: “We are pleased to sign this agreement with Alshaya Group, one of the region’s most prominent leaders in managing and operating global brands. This partnership is an extension of our long-standing collaboration, which has resulted in numerous shared successes across our various projects.”

He added: “The Aventura project, which includes Aventura Mall and the residential component Aventura Residences, represents an integrated destination for living, leisure, and retail in Jaber Al-Ahmad City. The project also plays a vital role in creating job opportunities and supporting the national economy, in line with Kuwait’s future development vision.”

Delivering Innovative and Diverse Experiences

Commenting on the partnership, Mr. John Hadden, Chief Executive Officer of Alshaya Group, said: “We are proud to be part of Aventura Mall, which reflects our ongoing commitment to bringing the world’s leading brands and premium retail and dining experiences closer to our customers. With over 20 stores featuring our flagship brands, this investment reinforces our continued support for Kuwait’s growth journey.”

He added: “We view Aventura Mall as a strategic new destination that reflects the evolution of Kuwait’s retail landscape and aligns with our ambition to deliver innovative and diverse experiences that meet our customers’ expectations .”

A New Destination with a Contemporary Identity

Located in Jaber Al-Ahmad City, the Aventura project reflects a forward-looking vision for urban development in Kuwait. It is one of the community-focused developments currently being implemented under a public-private partnership (PPP) model. The project is led by Mabanee Company as the main investor, in partnership with National Industries Company (NIC) and Privatization Holding Company.

The development aims to create a new destination with a contemporary identity, offering a dynamic, modern lifestyle that brings together the essential elements of a vibrant urban environment. This development includes the residential component Aventura Residences, Aventura Mall, and a variety of public facilities and services.

Designed according to international standards, Aventura Mall is set to become a modern landmark in Jaber Al-Ahmad City, attracting visitors from across Kuwait. The mall will host a diverse selection of global retail brands, restaurants, and cafés, delivering a distinctive and engaging shopping and entertainment experience.