Al Futtaim Carillion negotiating $1bn Reem Mall
Reem Mall now will enter into detailed contract negotiations with Al Futtaim Carillion exclusively, with the objective of finalisng a deal to start works
Al Futtaim Carillion has been named as the preferred tenderer for the construction of the $1bn Reem Mall in Abu Dhabi.
Reem Mall now will enter into detailed contract negotiations with Al Futtaim Carillion exclusively, with the objective of finalising a deal to start works.
Shane Eldstrom, chief operating officer for Reem Mall, said: "The announcement marks yet another milestone for Reem Mall and comes on the back of final permission to construct received from Abu Dhabi Municipality earlier this month. Al Futtaim Carillion was selected as the preferred tenderer due to its strong track record of delivering significant high quality projects in the region, and its team of construction experts. We look forward to successfully completing the tendering process.”
Abu Dhabi-based Dutch Foundation is currently on site carrying out an enabling works contract involving excavation, lateral restraint systems, and dewatering.
More than 7 million cubic feet of material have been removed to date, with dewatering progressing at a rate of 84,000 cubic feet per day.
Eldstrom said: “Dutch Foundation’s works are paving the way for a quick and efficient start of the next stage of construction. As such, Reem Mall is on track to be the mall destination of choice for all residents and visitors across Abu Dhabi upon completion."
Andrew Ridley-Barker, managing director of Al Futtaim Carillion, said: “Al Futtaim Carillion prides itself on delivering some of the most notable projects in the region. We hope to have the process concluded shortly and deliver this important retail project to the people of Abu Dhabi.”
Reem Mall, developed by NREC in partnership with UPAC, will deliver 18.5ha of leasable area of retail, leisure, dining and entertainment choices. It will comprise around 450 stores, including 85 food and beverage (F&B) outlets and a range of family-focused entertainment offerings.
It will also house the world’s largest indoor snow-play park.