Aldar opens mall at $1bn World Trade Center schemeby CW Staff on Oct 23, 2013
Aldar Properties has opened the new mall at its $1bn World Trade Center development in Abu Dhabi.
The mall is on the site of the former Central Market. It contains 85,000m2 of space and is linked via a footbridge to the 15,000m2 covered souk that opened in 2010.
Both buildings have been designed by Sir Norman Foster & Partners, and the main contractor for the wider World Trade Center development is Arabian Contracting Co.
The World Trade Centre Mall has more than 160 shops, over 20 dining outlets and an eight-screen cinema. House of Fraser has opened a flagship store at the developmemt, which is its first outside of the UK and Ireland.
Talal Al Dhiyebi, executive director of Asset Management at Aldar Properties, said: “The World Trade Center Mall is truly a modern interpretation of the historic experience of the Central Market area – one the first and richest heritage and commercial hubs in Abu Dhabi. It is a crucial component of the overall World Trade Center development and an important addition to Aldar’s diversified real estate portfolio in Abu Dhabi. This is yet another example of how the company aims to meet the growing need for high quality retail offerings in the heart of the capital.”
The mall opening follows the handover of the 278m-high office tower earlier this year to contractor Arabtec, which is housing its new joint venture with Samsung Engineering in the building.
A 382m-high residential tower, set to be the tallest building in the city of Abu Dhabi, and a new Marriott Hotel will complete the development.
- Runway upgrade cuts traffic at Dubai Intl Airport
- Deyaar: Record increase in net profits for Q2 2014
- Dubai office rents up 25% year on year
- Precast Concrete Institute to set up in UAE
- Goldline Group buys 26 Dubai plots to develop
- MAF profits rise to $3.5bn in first half of 2014
- Cargo at Abu Dhabi ports increased by 37%
- English FA chair wants FIFA Qatar World Cup review
- Dubai real estate transactions top $30.7bn for H1
- Great Lakes to create industrial site at Hidd Port