Metac wins $162m contract to build Nakheel mall in Dubai
Nakheel's 13ha Nad Al Sheba Mall, worth $224.6m, will be developed by Metac General Contracting
Metac General Contracting has been awarded a $162m (AED595m) contract to build a Nakheel mall in Dubai.
Nakheel's 13ha Nad Al Sheba Mall, worth $224.6m (AED825m), will be developed by Metac through the contract.
Comprising 200 shops, restaurants, and entertainment outlets across 4.64ha of leasable space, the mall is due to complete in 2021.
A Spinneys and a Union Co-op unit each, in addition to a multi-screen cinema, will also be developed within the mall, located off Sheikh Mohammed Bin Zayed Road.
Metac is already building 468 out of Nakheel's 1,572 villas in the community, through a $212.6m (AED781m) contract it won in 2015.
Nad Al Sheba Mall is part of Nakheel Malls' $6bn (AED22bn) expansion plan, which is expected to raise its total retail space to 158ha, Dubai Media Office reported.