Abu Dhabi - United Arab Emirates: 20 December 2015

It was announced today that Reem Mall has received approval on its Transportation Impact Study from the Abu Dhabi Department of Transport. Reem Mall is an up-and-coming entertainment, leisure, dining and shopping destination in the heart of new Abu Dhabi.

This is yet another milestone in the development of the $1 Billion project, home to more than 450 retailers including 85 restaurants, a Hypermarket, Cinema, Family Entertainment Centre and the world's largest indoor snow play park.

Shane Eldstrom, Chief Operating Officer for Reem Mall commented: "The Department of Transport approval is a key milestone in any project. The transportation infrastructure serving Reem Mall will be in a class of its own, making getting to-and-from Reem Mall convenient, fast, and pain free. There will be 6,800 parking spaces available to visitors."

Eldstrom further commented: "the Abu Dhabi Department of Transport should be commended for the cooperative and collaborative approach taken with developers.  Their team committed countless hours to working with us to ensure that the design meets the needs of the project and the community for the long term."

Reem Mall currently under development in partnership with Kuwait-based National Real Estate Company (NREC) and United Projects for Aviation Services (UPAC) is expected to open in 2018.

-Ends- 

About Reem Mall
Reem Mall is Abu Dhabi's major new retail, leisure, dining and entertainment destination. It is expected to launch in 2018. The Reem Mall project will comprise around 450 stores, including 85 F&B outlets and a range of family-focused entertainment offerings including the world's largest indoor snow-play park!

About NREC
Established in Kuwait in 1973, the National Real Estate Company (NREC) is a publically listed real estate and investment company with a presence in the Middle East and North Africa.

Over the years, NREC has grown into one of the largest real estate companies in the region with ventures across the Middle East and North Africa. NREC has assets and capital of US$ 1.9 billion and manages 80 million square feet of land.  The organisation houses subsidiaries and entities across a range of countries including the UAE, Egypt, Jordan, Iraq, Lebanon, and Libya.  The portfolio of projects completed or under development, includes office space, mixed use centres, industrial parks, residential communities and super-regional malls.

About UPAC
Established in 2000, publicly listed on the Kuwait Stock Exchange, and headquartered in Kuwait, UPAC is a leading commercial real estate and facilities management company with a specialization in Build Operate Transfer (BOT) initiatives. Its services cover project management and consultancy, real estate development as well as property and facilities management. UPAC manages over 24,000 sqm of commercial space at the Kuwait International Airport, Sheikh Saad Terminal and other prominent locations within the country.

For more information please contact:
Mohaned Lafi
Four Communications Group
reemmall@fourcommunications.com
055 985 3379

© Press Release 2015