New corporate team for UAE's Reem Mall
The Reem Mall project is expected to start construction in 2015 with opening scheduled for 2018.
National Real Estate Company (NREC) and United Projects for Aviation Services Company (UPAC), the developers of Reem Mall, announced a new corporate structure for the $1bn project.
The new operating setup, which includes six new board appointments, marks another significant step forward for Abu Dhabi’s major upcoming retail destination.
Reem Mall’s senior executive team will now consist of Samuel Sidiqi as CEO, Deepak Jain as chief financial officer, and Shane Eldstrom as chief operating officer.
Samuel Sidiqi is currently the CEO of NREC, where he oversees its portfolio of real estate assets in the MENA region.
Shane Eldstrom is currently the vice president of development for NREC.
Deepak Jain brings with him 16 years' worth of experience in extensive management consultancy and senior financial management roles.
"The billion dollar Reem Mall project is one of Abu Dhabi’s most significant destination developments, and this is the right structure for the next phase of our journey,” Samuel Sidiqi said.
Reem Mall is scheduled to begin construction this year, and is set for opening in 2018.