Abu Dhabi’s 1 billion US dollar (3.67 billion AED) Reem Mall will possibly be built by Al Futtaim Carillion after it was named as the project’s preferred bidder.
The project developer behind Reem Mall said that it will now go into point by point contract arrangements with Al Futtaim Carillion “with the goal of concluding a consent to expeditiously execute the rest of the works”.
Al Farwaniya Property Development is the company behind Reem Mall, it is a partnership between United Projects for Aviation Services Company (UPAC) and Kuwaiti firm’s National Real Estate Company (NREC), which concurred a $224m venture into the undertaking a year ago.
Concept designs for the shopping center were consented by Abu Dhabi’s Urban Planning Council in January this year, and the project’s last approval has already been given. Enabling works are as of now being finished by Dutch Foundation, am Abu Dhabi-based engineering firm, and the shopping center is scheduled to be complete in 2018.
Reem Mall’s chief operating officer Shane Eldstrom said that Al Futtaim Carillion had been picked due to its reputation in providing quality tasks in the district. It has dealt with both the Dubai Mall for Emaar Properties and the Deira City Center Mall for Majid Al Futtaim Group.
“We anticipate effectively finishing the tendering procedure,” said Mr. Eldstrom.
Al Futtaim Carillion’s managing director Mr. Andrew Ridley-Barker, included: “We trust to have the procedure concluded immediately to be able to deliver soon this essential retail venture to the general population of Abu Dhabi.”
Dutch Foundation has officially evacuated more than 7 million cubic feet of material from the site and is expelling 84,000 cubic feet of water every day as a feature of the site’s dewatering procedure.
“Dutch Foundation’s works are making it possible for an immediate and productive start of the succeeding phase of development,” said Mr. Eldstrom.
Once finish, Reem Mall will house 2 million sq ft of space for rent and will have around 450 stores, including 85 food outlets. It will likewise house the world’s largest indoor snow play park. It will open inside months after Gulf Related finishes its $1bn Al Maryah Central shopping center on the neighboring Al Maryah Island. That is being worked by Brookfield Multiplex under a $425m development contract.
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