Reem Mall demonstrates significant construction progress

- Last few tower cranes expected to be erected in the upcoming months

  

Abu Dhabi, UAE: Reem Mall, Abu Dhabi’s up and coming Retail, Dining and Leisure destination has announced the construction for the US $1.2 billion project is well underway, in line with the planned construction and finance targets.

The construction for the mall commenced in late 2017, with the foundation stone laid earlier this year.

Al Farwaniya Property Developments, the Developer behind Reem Mall, has also disclosed that as of August 2018, more than fourteen tower cranes have been erected, and over 120,000 m3 of reinforced concrete has been cast in place, with some sections now reaching level 4.

Once completed the project will encompass 350,000 m3 of reinforced cement concrete, 75,000 tons of rebar, 10,000 tons of structural steel and 75,000 m2 of pre-cast hollowcore concrete panels for a total built up area of over 650,000 m2.

Shane Eldstrom, CEO of Al Farwaniya Property Developments stated, “We are very proud to announce that Reem Mall has been progressing smoothly and is in line with our construction schedule. With construction that commenced during the latter part of 2017 and with a team of 4,000 workers on site, Reem Mall is well on its way to becoming the most exciting addition to Abu Dhabi’s retail and social landscape”.

“Reem Mall will be a unique lifestyle destination – a place which will bring families, friends and communities together. In addition to the world class retail, leisure and entertainment offering, it will bring vital infrastructure and improved connectivity, ensuring that our investment in Abu Dhabi continues to benefit local communities in the future.”

Reem Mall site is located in the Najmat District on Reem Island and is part of the residential and commercial master development by Reem Developers. Reem Island is expected to have a population of 200,000 people when fully built out. .

This project is being developed by Al Farwaniya Property Developments, a partnership between three Kuwait-based companies: Agility, Agility affiliate United Projects for Aviation Services Company (UPAC), and National Real Estate Company (NREC). Together, the three companies bring a sound financial base, extensive experience in asset management and commercial real estate development, and a successful track record of mall operations for the mega-mall project.

-Ends-

About Reem Mall

Reem Mall is Abu Dhabi’s major new retail, leisure, dining and entertainment destination. The Reem Mall project will comprise 450 stores, including 85 F&B outlets and a range of family-focused entertainment offerings, including Snow Park Abu Dhabi by Majid Al Futtaim.

For more information please visit the website: www.reemmall.ae

Please connect with us on Facebook: www.facebook.com/reemmall 

About Agility

Agility is one of the world’s leading providers of integrated logistics. It is a publicly traded company with more than $4.6 billion in revenue and more than 22,000 employees in over 500 offices across 100 countries. Agility Global Integrated Logistics (GIL) provides supply chain solutions to meet traditional and complex customer needs. GIL offers air, ocean and road freight forwarding, warehousing, distribution, and specialized services in project logistics, fairs and events, and chemicals. Agility’s Infrastructure group of companies manages industrial real estate and offers logistics-related services, including customs digitization, waste management and recycling, aviation and ground-handling services, support to governments and ministries of defense, remote infrastructure and life support.

For more information about Agility, visit www.Agility.com

Twitter: twitter.com/agility

LinkedIn: linkedin.com/company/agility

YouTube: youtube.com/user/agilitycorp

About NREC

Established in Kuwait in 1973, NREC is a publicly 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 assets exceeding US$ 1.8 billion. Headquartered in Kuwait, NREC has subsidiaries and developments across the MENA region, including the UAE, Egypt, Jordan, Iraq, Lebanon, and Libya. NREC’s portfolio of projects (completed or under development) includes offices, mixed use centers, industrial parks, residential communities and super-regional malls. In addition to a strong track record in property development, NREC brings experience and required knowledge in property management of commercial complexes and shopping centers.

For more information please visit the website: www.nrec.com.kw

About UPAC

Established in 2000, publicly listed on Boursa Kuwait, 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 visit the website: www.upac.com.kw

About Reem Developers

Headquartered in Abu Dhabi, Reem Developers is one of the key developers in the capital, contributing to the city’s cosmopolitan skyline in alignment with the Abu Dhabi 2030 vision. A subsidiary and real estate arm of the prestigious Reem Investments, Reem Developers delivers immaculate quality projects, leaving a mark on the city with creative, efficient and functional design. With a diverse portfolio of successful projects, Rawdhat, Najmat and Nalaya villas are a few that have redefined vibrant living and tranquil bliss in one setting. A blend of natural beauty and modern innovation, these projects rise to the forefront with their conceptual essence, highlighting the distinguished standard Reem Developers produces.

About Najmat

Najmat, a 165 hectare Manhattan-like township covers 20% of Reem Island. Najmat will be home to residential and commercial towers and will also feature a marina, canal, waterfront promenades, hotels, shopping malls, schools, healthcare facilities, mosques, parks and ample open spaces. The first two of three infrastructure phases are complete and development is currently underway.

For more information please contact:

Divya Nagpal

Four Communications Group

reemmall@fourcommunications.com

055 5217370

© Press Release 2018

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