Contractor hired to work on $1.6bn Doha mall
Second phase of work to get underway at Doha Festival City
A contractor has been appointed to start construction of phase two at Doha Festival City, Qatar's $1.6bn retail and entertainment destination.
A joint venture of Gulf Contracting Company and Alec Qatar has been hired to start work on the foundations of the mall which is scheduled to open in the third quarter of 2016.
The mall will be home to more than 550 brands of which many will be making their debut in Qatar, a statement said.
Phase one was completed last March and included the construction of Qatar's first IKEA store, it added.
Kareem M Shamma, CEO, BASREC, the joint venture which comprises Dubai-based Al-Futtaim Real Estate Services, Qatar Islamic Bank, Aqar Real Estate Investment Company and a private Qatari investor, said: "We are delighted to be laying the foundations for the Phase 2 building works on this magnificent development that will bring new standards of shopping and leisure to all of Qatar's residents and visitors.
"Some of the most sought after names in retail have committed to the project and we are glad to be on track for a timely delivery of this retail, leisure, hospitality and entertainment destination which reflects Qatar's exciting and vibrant future."
Darrell Bergesen, board member of GCC/Alec Qatar JV, added: "It is an honour to be awarded as the contractor to lead the construction of a shopping mall that is set to be one of the largest and most prominent in the Middle East."
The contract was awarded following the completion and approval of the project's master plan and traffic impact study.