Shopping Mall Projects

Yenal Sumertas

Leasing Manager / International Projects

Shopping Center Leasing

August 2013

Northern Iraq

• Northern Iraq Region – General Overview

• Macro-economic Outlook

• Socio-economic Outlook

• Location & Catchment Map of Erbil

• Company Profile of Darin

• Family Mall Erbil

• Family Mall Erbil - Performance Analysis

• Location & Catchment Map of Erbil of Dohuk

• Family Mall Dohuk

• Location & Catchment Map of Erbil of Suleymaniah

• Family Mall Süleymaniah

Meeting Agenda

• Northern Iraq Dohuk, Suleymaniah and Erbil

• Population 4.690.939 (2011)

• Area 40.643 km2

• Capital Erbil

2013 population 2.000.000 +.

• Population Kurdish, Turkmens, Assyrians,

Arabs, Christians.

• Transportation Weekly 80+ direct flights from

Vienna,Frankfurt, Stockholm,

Amsterdam, Dubai, Amman and

Istanbul.

Universities:

– Salahaddin Uni. and Suleymaniah Uni.(1968)

– Dohuk Uni. (1992)

– Koya Uni. (2003)

– Kurdistan Uni. (2006)

– Iraq American Uni. Suleymaniah (2007)

– Isik Uni. (2003)

Map of Iraq – N.Iraq General Overview

Northern Iraq – Macroeconomic Outlook

• Stable macroeconomic environment and liberal economic policies

• Stronger growth prospects than the rest of the country with an

estimated annual GDP growth of 6-7%

• Oil exploration/processing and construction are the major

sectors

• KRG accounts for 20% of Iraq’s oil reserves

• Share of oil income from the central government budget

at 17% of total oil revenue

• 2012 Central Iraq budget 100,5 billion dollars in the

central consists of all of the income from oil exports.

2,5 million barrels per day of crude oil exports in Iraq • The world's 5th largest oil resources rank after

Venezuela, Saudi Arabia, Canada and Iran, More than

one-third of the country's largest oil resources located

in Northern Iraq.

Northern Iraq – Socio-economic Outlook

• Population growth estimated at 2.75% compared to 2.6% in Iraq and 1.3% in Turkey

• 50% of population aged below 20

• Government is the biggest employer (50% of workforce)

• Unemployment rate is low (below 5%)

Majidi

Mall

Northern Iraq – Erbil Location & Catchment Map

Darin Group is an Iraqi holding group, founded in

1998, launched to support three main industries

1. Construction,

2. Internal Project Management

3. General Trading.

The company has been involved in major construction trading

activities throughout Iraq for many years. The company also has very

diversified specialized business activities, serving the whole of Iraq.

Darin Group is the investor of Family Mall Erbil-Extension, Family

Mall Dohuk, Family Mall Suleymaniah projects and Korek Tower

Erbil (mix-use project)

Darin Group – Profile

Family Mall Erbil Opening Date: 15.12.2010

GLA: 48.219 m2

Floors: 3

Total Units: 135

Parking Capacity: 1350

Monthly Visitor Number: 800.000 (average)

Management & ReLeasing: Jones Lang LaSalle

Cinema (14 theaters): 5.000 m2

Hypermarket: Carrefour - 9.990 m2

DIY: Home İstanbul - 9.608 m2

Northern Iraq – Family Mall Erbil

Northern Iraq – Family Mall Erbil

Northern Iraq – Family Mall Erbil

Northern Iraq – Family Mall Erbil / Family Fun

Northern Iraq – Family Mall Erbil / Cinema

Period Number of Visitors Rate of Increase 2011 7.256.000

2012 8.854.000 22%

2012* 602.000

2013* 884.000 47%

*Average for the first 5 months.

Rate of Increase %25 for 2013 as 11.000.000

visitors. (Estimates)

Family Mall Erbil - Visitor Numbers

-

200.000

400.000

600.000

800.000

1.000.000

1.200.000

1.400.000

1.600.000

1.800.000

2.000.000

Monday Tuesday Wednesday Thursday Friday Saturday Sunday

-

200.000

400.000

600.000

800.000

1.000.000

1.200.000

1.400.000

Jan'12 Feb'12 Mar'12 Apr'12 May'12 Jun'12 Jul'12 Aug'12 Sep'12 Oct'12 Nov'12 Dec'12

Ramadan Holiday

Newroz Holiday

Feast of Sacrifice

Family Mall Erbil - Visitor Numbers

Family Mall Erbil – Extension Opening Date: 2014 Q3

GLA: 15.000 m2

Floors: 3

Total Units: 45

Parking Capacity: 600

Northern Iraq– Family Mall Erbil / Extension

Northern Iraq– Family Mall Erbil / Extension

Ground Floor

Northern Iraq– Family Mall Erbil / Extension

First Floor

Northern Iraq– Family Mall Erbil / Extension

Second Floor

Northern Iraq– Family Mall Erbil / Extension

Family Mall

Northern Iraq – Dohuk Location & Catchment Map

Family Mall Dohuk

Opening Date: 2014 Q2

GLA: 50.000 m2

Floors: 3

Total Units: 120

Parking Capacity: 2000 (500 outdoor + 1500 indoor)

Management and Leasing: Jones Lang LaSalle

Hypermarket: Carrefour - 10.000 m2

DIY: 4.500 m2

Northern Iraq – Family Mall Dohuk

Kids Wear

Home Textile &

Accessories

Northern Iraq– Family Mall Dohuk

Ground Floor

Sportwear

Northern Iraq– Family Mall Dohuk

First Floor

Food & Beverage Food & Beverage

Northern Iraq– Family Mall Dohuk

Second Floor

Family Mall Dohuk – Construction Area Pictures

University of Sulaimaniyah New Campus

University of Sulaimaniyah Old Campus

Northern Iraq – Suleymaniah Location & Catchment Map

Family Mall Suleymaniah Opening Date: 2014 Q2

GLA: 65.000 m2

Floors: 3

Total Units: 150

Parking Capacity: 3000 (1000 outdoor + 2000 indoor)

Management & Leasing: Jones Lang LaSalle

Hypermarket: Carrefour - 11.000 m2

DIY: 6.000 m2

Northern Iraq – Family Mall Suleymaniah

Northern Iraq– Family Mall Suleymaniah

Electronics

Kids Wear

Home Textile &

Accessories

Northern Iraq– Family Mall Suleymaniah

Lower Ground Floor

30

Sportwear Fashion Wear

Northern Iraq– Family Mall Suleymaniah

Ground Floor

31

F&B F&B

Cafe&Rest. Cafe&Rest.

Northern Iraq– Family Mall Suleymaniah

First Floor

Family Mall Suleymaniah – Construction Area Pictures

Northern Iraq – Some of the Demands from International

Retailers

Thank you.

COPYRIGHT © JONES LANG LASALLE IP, INC. 2013