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Abu Dhabi, UAE - Reem Mall, Abu Dhabi's upcoming fashion, entertainment and dining destination, has named Al Futtaim Carillion as the preferred tenderer for construction of the US $1bn project.
Reem Mall will enter into detailed contract negotiations with Al Futtaim Carillion exclusively, with the objective of finalizing an agreement to promptly execute the remaining works.
Al Futtaim Carillion has a long history of successfully working in the UAE and Middle East, having been behind some of the country's most notable development projects including Deira City Centre, the Dubai Mall and Dubai Festival City expansions, and New York University in Abu Dhabi.
"The announcement marks yet another milestone for Reem Mall and comes on the back of final permission to construct received from Abu Dhabi Municipality earlier this month. Al Futtaim Carillion was selected as the preferred tenderer due to its strong track record of delivering significant high quality projects in the region, and its team of construction experts," said Shane Eldstrom, Chief Operating Officer for Reem Mall. "We look forward to successfully completing the tendering process."
Dutch Foundation, a full-service engineering foundation company based in Abu Dhabi, is currently on site carrying out an enabling works contract involving excavation, lateral restraint systems, and dewatering. More than 7 million cubic feet of material have been removed to date, with dewatering progressing at a rate of 84,000 cubic feet per day.
"Dutch Foundation's works are paving the way for a quick and efficient start of the next stage of construction. As such, Reem Mall is on track to be the mall destination of choice for all residents and visitors across Abu Dhabi upon completion," said Eldstrom.
Andrew Ridley-Barker, Managing Director of Al Futtaim Carillion said: "Al Futtaim Carillion prides itself on delivering some of the most notable projects in the region. We hope to have the process concluded shortly and deliver this important retail project to the people of Abu Dhabi."
Reem Mall, developed by NREC in partnership with UPAC, will deliver 2 million sq. ft. of leasable area (2.8 million sq. ft. of floor area) of retail, leisure, dining and entertainment choices. It will comprise around 450 stores, including 85 Food and Beverage outlets and a range of family-focused entertainment offerings. Reem Mall will also house the world's largest indoor snow-play park.
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.
UPAC is one of Kuwait's leading real estate management companies.
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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:
Yvonne Mtengwa
Four Communications Group
reemmall@fourcommunications.com
055 337 9415
© Press Release 2016
