Abu Dhabi: Marina Mall announces $817m expansion
The mall, owned by the National Investment Company (NIC), is likely to break ground on its new extension in the first quarter of 2017
Marina Mall Abu Dhabi has announced a $817m (AED3bn) expansion plan, which will see 120,000m2 space being added to the retail facility in two years.
With UPC approvals well underway, the mall, owned by the National Investment Corporation (NIC), is likely to break ground on its new extension in the first quarter of 2017.
The complete revamp masterplan is being designed by Singapore-based DP Architects and will also see major enhancements worth $81.6m (AED300m) throughout the mall as part of the project, said a statement from NIC.
Unveiling the plan, Jihad Dirani, the head of leasing at Marina Mall Abu Dhabi, said: "As one of Abu Dhabi’s established and most iconic shopping destinations, we strive to provide our visitors with an exclusive combination of unique shopping, entertainment and F&B (food and beverages) experiences for the whole family to enjoy.
"We are entering an exciting phase of Marina Mall’s development, as we continue our journey to deliver an excellent visitor experience. We are currently in the process of selecting the right suppliers and contractors; whilst looking to evolve our leasing portfolio."
The new extension plan will be divided into two parts, the north and south side of the mall, which will include the latest retail and F&B brands and new market entry brands exclusive to the mall, said the Abu Dhabi firm.
Furthermore, Marina Mall Abu Dhabi will expand its car parking facilities in coordination with the existing parking amenities for the new development, making it easily accessible to all visitors.
Dirani added: "Marina Mall Abu Dhabi has been a social and commercial success since its doors first opened over 14 years ago. In 2006, the mall went through major expansion plans, which included the addition of the iconic revolving restaurant tower, as well as an increase in mall facilities and retail outlets.
"As part of our growth strategy combined with the increase in visitor numbers, we are delighted to announce this major expansion."