Abu Dhabi, UAE: Dewan Architects & Engineers, one of the most highly ranked MENA Architecture firms, has begun work on the design of Reem Mall, Abu Dhabi's new up and coming entertainment, dining and shopping destination. Dewan will offer a range of services including engineering, master planning, architectural design, sustainability design and post contract services.
Reem Mall, developed by the National Real Estate Company (NREC) in partnership with United Projects for Aviation Services Company (UPAC), is a 2 million sq ft retail, leisure, dining and entertainment destination, located on Reem Island, the new master-developed residential and commercial zone adjacent to Abu Dhabi, which will eventually be home to more than 200,000 people.
Dewan's appointment marks another significant step forward for the US$ 1 billion project.
Since its inception in 1984, Dewan has established itself as a major player on the regional architectural scene. Dewan has participated in designing a range of retail, residential and mixed use projects in the UAE including Yas Viceroy Hotel, CityWalk in Dubai as well as Ibn Battuta Mall in Dubai.
Currently at concept design stage, the Reem Mall project is expected to start construction in 2015 and open in 2018. Once completed, Reem Mall will bring a wide range of family-focused retail, leisure and entertainment offerings to Abu Dhabi including some 450 stores including 85 food and beverage outlets.
Shane Eldstrom, Vice President - Development, NREC, commented: "Dewan is a highly creative company, which focuses on creating distinctive and charismatic buildings. This is exactly what Reem Mall will be. With Dewan as our partner, we look forward to delivering a truly unique and much needed addition to Reem Island and the wider Abu Dhabi communities."
Mohamed Al Assam, Executive Chairman , Dewan, said: "Dewan Architects & Engineers is very proud to be associated with Reem Mall and we look forward to developing a highly successful project.
Yann Pennes, Director of Projects, Dewan, added: "As the lead consultancy and technical architects throughout the design, construction and delivery of the project, Dewan will work in close collaboration with RTKL design consultants to ensure the original design intent is preserved and fully developed into an effective end product."
Dewan has offices in the UAE, Saudi Arabia, Iraq, Qatar, the Philippines, and India. The firm employs more than 350 architects and engineers, working on a portfolio of world-class developments that extends across 10 countries.
Established in Kuwait in 1973, NREC has grown into one of the largest real estate companies in the region with ventures across the Middle East and North Africa. More announcements on Reem Mall's progress are to be made over the coming period.
UPAC is one of Kuwait's leading real estate management companies. Under the agreement, UPAC will invest up to US $224 million in the project through its real estate subsidiary, Al Arfaj Real Estate Company.
About Reem Mall
Reem Mall is Abu Dhabi's major new retail, leisure, dining and entertainment destination. It is expected to launch in 2018, with construction beginning by early 2015. The Reem Mall project will include around 450 stores, 85 F&B outlets and a range of family-focused entertainment offerings.
About NREC
Established in Kuwait in 1973, the National Real Estate Company (NREC) is a publically listed real estate and investment company with a presence in the Middle East and North Africa.
Over the years, NREC has grown into one of the largest real estate companies in the region with ventures across the Middle East and North Africa. NREC has assets and capital of US$ 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 United Projects Co
Established in 2000, and headquartered in Kuwait, UPAC (United Projects for Aviation Services Company) 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 20,000 sqm of commercial space at the Kuwait International Airport and other prominent locations within the country. The Company's customers include luxury goods; electronics and sports gear retailers; local and international airlines; banks and currency exchange houses; restaurants and fast food vendors; and providers of recreational and educational activities targeted at young people.
UPAC generates annual revenue of US$ 40 Million and is publicly traded on the Kuwait Stock Exchange. Reem Mall will be one of the most challenging ventures that UPAC has undertaken and will add to the Company's portfolio of successful projects.
For more information please contact:
Mohaned Lafi
Four Communications Group
reemmall@fourcommunications.com
055 985 3379
© Press Release 2015
