Dec 09 2011
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Al Futtaim unit wins Meraas deal
Friday, Dec 09, 2011
Dubai Al Futtaim Carillion, part of the Al Futtaim Group, has won a contract to build Phase 1 of a retail strip — The Avenue, being developed by Meraas Development.
The Avenue is a three-phase project spanning 1.1 kilometres at a prime location in Dubai. Launched at Cityscape Dubai 2011, phase 1 of The Avenue will take shape at the intersection of Al Wasl Road and Safa Road.
Upon its completion in the third quarter of 2012, the 350-metre retail strip will include a dynamic mix of top retail brands as well as convenience stores and food and beverage outlets. The project’s three phases will extend up to Shaikh Zayed Road.
“Al Futtaim Carillion, a homegrown company, has overseen the development of many key projects in the UAE. Backed by their track record and experience, we are confident of shaping ‘The Avenue’ into a distinctive project that will add a new dimension to Dubai’s world-renowned retail landscape,” a Meraas spokesperson said.
Meraas is a Dubai-based real estate company with operations and assets in the UAE and abroad. It operates with a mission to create integrated master-planned communities that embody global standards of sustainability and quality.
An Al Futtaim Carillion spokesperson said: “The prestigious contract demonstrates strong confidence in our capabilities. Our expertise, backed by decades of experience and support from our principals will enable our project teams to meet the highest levels of delivery standards at The Avenue.”
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