Nakheel awards $96.2m contract to DSI subsidiary

The Circle Mall will comprise 235 shops, a multi-screen cinema, a health clinic, cafes, restaurants and a food court, spanning more than 40,134 sqm total built up area

Khaldoun Tabari, CEO and vice chairman of Drake & Scull International
Khaldoun Tabari, CEO and vice chairman of Drake & Scull International

Dubai master developer Nakheel has awarded Gulf Technical Construction Company (GTCC), Drake & Scull’s general contracting subsidiary, a $96.2m (AED353.7m) contract to build the Circle Mall in Dubai.

The mall will be located between Sheikh Mohammed Bin Zayed Road, Al Khail Road and Hessa Street in the Jumeirah Village Circle.

Conceived as a new leisure destination for residents and tourists in Dubai, the project will cater to the retail requirements of residents living in the Jumeirah Village Circle and its surrounding areas.

The Circle Mall will comprise 235 shops, a multi-screen cinema, a health clinic, cafes, restaurants and a food court, spanning more than 40,134 sqm in total built up area.

Nakheel has stated that about half of the leasable space has been reserved by retailers with tenants including Spinneys, Oscar Cinemas, Sports Market, Early Learning Centre, Mamas & Papas, Grand Optics, Tips & Toes, Bare Salon and Supercare Pharmacy.

Khaldoun Tabari, CEO and vice chairman of Drake & Scull International, said: “We are pleased to start off the fourth quarter of 2015 on a strong positive note via the Circle Mall project award for our general contracting subsidiary GTCC. The project win has helped DSI achieve $653m (AED2.4bn) in project awards since the start of 2015, and we remain optimistic about securing more high profile projects before the end of the year. We believe that our extensive experience in delivering a diverse range of high profile, complex real estate developments, backed by the region’s most competent and skilled workforce and management gives us a leading edge.”

GTCC’s project portfolio includes prominent UAE landmarks such as the Royal Amwaj Resort and Spa, Movenpick Hotel and Oceana Residences on the Palm Jumeirah, Laguna Towers in Jumeirah Lake Towers, The Corner in Business Bay, Park Corner in Jumeirah Village South, Lakeside Towers in the IMPZ, the Cayan Business Center in TECOM in Dubai and the Mangrove Development at Reem Island in Abu Dhabi.

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