|18 September, 2019

Modon completes supermarket project and awards tender for retail strip mall development in north of Riyadh city

LuLu Hypermarkets awarded supermarket operating contract

Modon completes supermarket project and awards tender for retail strip mall development in north of Riyadh city
  • Al Hosani: These milestones highlight the steady, on-schedule progress being made at Riyadh City and our commitment to implementing the highest standards.

Abu Dhabi:Modon Properties (Modon), a development company mandated by the Abu Dhabi government to build vibrant and sustainable communities and develop strategic mixed-use projects in Abu Dhabi Emirate, has completed a supermarket project located in North Riyadh City (formerly known as South Shamkha). Modon awarded Lulu Group International the operating license as part of its ongoing cooperation with leading retail brands, designed to meet the needs of residents in North Riyadh City.

Modon has also awarded the tender for its Retail Strip Mall project, as a part of the company's plan to build a modern community in North Riyadh City that adheres to the highest sustainability standards.

Eng. Ahmad Al Hosani, Project Director at Modon, said: “The completion of the supermarket and the awarding of the tender for the retail strip mall project highlight the steady, on-schedule progress being made at Riyadh City and our commitment to implementing the highest standards throughout our developments. Modon is working tirelessly to develop infrastructure and public facilities in Riyadh City, with the aim of building a modern, integrated community that is in line with the vision of our nation’s wise leadership.”

The supermarket was built at lot 25 in North Riyadh City, and covers 350 square meters.

The retail strip mall will cover 8687 square meters in North Riyadh City, located at lot 23. Upon its completion in August 2020, the project will include seven restaurants, 14 stores, and a supermarket that meets the needs of the city’s residents.

Upon completion, Riyadh City will be among the largest and most iconic residential communities in Abu Dhabi, housing over 200,000 residents. The development encompasses approximately 8,000 hectares, equivalent to 85% of the land area of Abu Dhabi island. It will feature state-of-the-art facilities including parks, schools, shops, mosques and medical and community centers.

The project is a part of Modon’s ongoing efforts to develop vibrant and sustainable communities that deliver an aspirational lifestyle to residents, alongside integrated facilities and infrastructure built to the highest international standards.

-ENDS-

About Modon

Established in January 2018, Modon is Abu Dhabi’s architect of vibrant, sustainable destinations that bring together the emirate’s residents, citizens and visitors through distinctive and aspirational lifestyle experiences. Mandated by the government of Abu Dhabi to build communities and mixed-use projects, Modon is an integrated master developer committed to realizing the goals of Abu Dhabi Plan and UAE Vision 2021.

Through the development of its resilient communities and unique mixed-use projects, Modon is supporting Abu Dhabi’s continuing economic growth and worldwide appeal as a destination of choice for visitors from around the globe.

For more information, please contact:
Rawdha Al Qubaisi, Media Specialist, Modon Properties
E-mail: rawdha.alqubaisi@modon.ae
Phone: +971 2 204 7622
Matt Wickens, Four Communications
E-mail: matt.wickens@fourcommunications.com
Phone: +971 52 893 2016

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases