Macys will open its first store outside of the US in 2018

Macy's will open its first store outside of the US in 2018

Department store retailer Macy's is to open its first store outside the US, with a location in Abu Dhabi, United Arab Emirates (UAE) in 2018. 

As part of a strategic partnership with UAE-based company Al Tayer Group, Macy's will operate a 205,000 sq ft store at the Al Maryah Central on Al Maryah Island, developed by Gulf Related, a joint venture between Related Companies and Gulf Capital. 

In addition, Macy's Bloomingdale's brand will open a 230,000 sq ft store, which will be its second international location, after it opened a store in Dubai in 2010.

The stores will be operated by Al Tayer Group under license agreements with Macy's.

"While we continue to evaluate store development opportunities around the world, we are committing now to take advantage of this unique opportunity in Abu Dhabi with two partners who we know very well, Al Tayer Group and Gulf Related, with the development of Al Maryah Central," said Macy's chairman and CEO Terry Lundgren.