Abu Dhabi’s US$1 billion (Dh3.67bn) Reem Mall looks likely to be built by Al Futtaim Carillion after it was named as preferred bidder for the project.
The developer behind Reem Mall said that it will now enter into detailed contract negotiations with Al Futtaim Carillion “with the objective of finalising an agreement to promptly execute the remaining works”.
Reem Mall is being developed by Al Farwaniya Property Development – a partnership between Kuwaiti firms National Real Estate Company (NREC) and United Projects for Aviation Services Company (UPAC), which agreed a $224m investment into the project last year.
Concept designs for the mall were approved by Abu Dhabi’s Urban Planning Council in January this year, and final approval for the project was granted earlier this month. Enabling works are already being completed by Abu Dhabi-based engineering firm Dutch Foundation, and the mall is due to complete in 2018.
Shane Eldstrom, the chief operating officer for Reem Mall, said that Al Futtaim Carillion had been chosen because of its track record in delivering quality projects in the region. It has worked on both the Dubai Mall for Emaar Properties and the Deira City Centre Mall for Majid Al Futtaim Group.
“We look forward to successfully completing the tendering process,” said Mr Eldstrom.
Andrew Ridley-Barker, the managing director of Al Futtaim Carillion, added: “We hope to have the process concluded shortly and deliver this important retail project to the people of Abu Dhabi.”
Dutch Foundation has already removed more than 7 million cubic feet of material from the site, and is removing 84,000 cubic feet of water per day as part of the site’s dewatering process.
“Dutch Foundation’s works are paving the way for a quick and efficient start of the next stage of construction,” said Mr Eldstrom.
Once complete, Reem Mall will house 2 million square feet of leasable space and have about 450 stores, including 85 food and beverage outlets. It will also house the world’s biggest indoor snow play park. It will open within months after Gulf Related completes its $1bn Al Maryah Central shopping mall on the neighbouring Al Maryah Island. That is being built by Brookfield Multiplex under a $425m construction contract.
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