{"id":21474,"date":"2016-07-31T18:36:13","date_gmt":"2016-07-31T11:36:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=21474"},"modified":"2016-07-31T16:55:01","modified_gmt":"2016-07-31T09:55:01","slug":"abu-dhabis-1bn-reem-mall-project-set-to-be-built-by-al-futtaim-carillion","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabis-1bn-reem-mall-project-set-to-be-built-by-al-futtaim-carillion\/","title":{"rendered":"Abu Dhabi's $1bn Reem Mall project set to be built by Al Futtaim Carillion"},"content":{"rendered":"


\nAbu Dhabi’s US$1bn (Dh3.67bn) Reem Mall looks likely to be built by Al Futtaim Carillion after it was named as preferred bidder for the project.The developer behind Reem Mall said that it will now enter into detailed contract negotiations with Al Futtaim Carillion “with the objective of finalising an agreement to promptly execute the remaining works”.Reem Mall is being developed by Al Farwaniya Property Development – a partnership between Kuwaiti firms National Real Estate Company (NREC) and United Projects for Aviation Services Company (UPAC), which agreed a $224m investment into the project last year. Concept designs for the mall were approved by Abu Dhabi’s Urban Planning Council in January this year, and final approval for the project was granted earlier this month. Enabling works are already being completed by Abu Dhabi-based engineering firm Dutch Foundation, and the mall is due to complete in 2018.Shane Eldstrom, the chief operating officer for Reem Mall, said that Al Futtaim Carillion had been chosen because of its track record in delivering quality projects in the region. It has worked on both the Dubai Mall for Emaar Properties and the Deira City Centre Mall for Majid Al Futtaim Group.”We look forward to successfully completing the tendering process,” said Mr Eldstrom.Andrew Ridley-Barker, the managing director of Al Futtaim Carillion, added: “We hope to have the process concluded shortly and deliver this important retail project to the people of Abu Dhabi.”Dutch Foundation has already removed more than 7 million cubic feet of material from the site, and is removing 84,000 cubic feet of water per day as part of the site’s dewatering process.”Dutch Foundation’s works are paving the way for a quick and efficient start of the next stage of construction,” said Mr Eldstrom. Once complete, Reem Mall will house 2 million sq ft of leasable space and have about 450 stores, including 85 food and beverage outlets. It will also house the world’s biggest indoor snow play park. It will open within months after Gulf Related completes its $1bn Al Maryah Central shopping mall on the neighbouring Al Maryah Island. That is being built by Brookfield Multiplex under a $425m construction contract.mfahy@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Abu Dhabi’s bn Reem Mall project set to be built by Al Futtaim Carillion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Dhabi’s US$1bn (Dh3.67bn) Reem Mall looks likely to be built by Al Futtaim Carillion...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21474","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5Am","jetpack-related-posts":[{"id":8344,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/reem-mall-progresses-in-abu-dhabi-as-800m-loan-moves-nearer\/","url_meta":{"origin":21474,"position":0},"title":"Reem Mall progresses in Abu Dhabi as $800m loan moves nearer","date":"March 18, 2016","format":false,"excerpt":"\r \r Agility, the Gulf's largest logistics company, has said that it is in the final stages of securing US$800 million in bank loans to invest in building Abu Dhabi's latest mega mall.Kuwait-traded Agility last year revived dormant plans to build Reem Mall, a planned 2.8 million square feet shopping\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26598,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gulf-related-chief-bullish-on-prospects-for-al-maryah-central-despite-market-slowdown\/","url_meta":{"origin":21474,"position":1},"title":"Gulf Related chief bullish on prospects for Al Maryah Central despite market slowdown","date":"September 19, 2016","format":false,"excerpt":"\r Michael FahyDeveloper Gulf Related is bullish about the prospects for its US$1 billion Al Maryah Central development after announcing that 50 per cent of the retail space within the 2.8 million square feet project has already been let.Ken Himmel, the company's co-managing partner, yesterday acknowledged that as a result\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabis-marina-mall-to-undergo-dh3-billion-extension\/","url_meta":{"origin":21474,"position":2},"title":"Abu Dhabi's Marina Mall to undergo Dh3 billion extension","date":"December 5, 2016","format":false,"excerpt":"\r Abu Dhabi's National Investment Company (NIC) has revealed plans to start work on a Dh3 billion project to expand Marina Mall at the end of the capital's Corniche.NIC said that work will start on the Dh3bn extension in the first quarter of next year, and that the existing mall\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/al-maryah-central-super-mall-will-thrive-without-a-ski-slope\/","url_meta":{"origin":21474,"position":3},"title":"Al Maryah Central super mall 'will thrive without a ski slope'","date":"March 31, 2016","format":false,"excerpt":"\r \r Kevin Ryan, chief operating officer and managing director of Gulf Related, the company building Abu Dhabi's Al Maryah Central shopping centre, is adamant he does not need a ski slope in what will be the emirates' newest super-regional mall.\"We spent a lot of time thinking about whether we\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10528,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabis-urban-planners-working-on-ways-to-restart-stalled-reem-island-projects\/","url_meta":{"origin":21474,"position":4},"title":"Abu Dhabi's urban planners working on ways to restart stalled Reem Island projects","date":"April 13, 2016","format":false,"excerpt":"\r \r Abu Dhabi's Urban Planning Council is working on a plan to restart stalled property developments on Reem Island.According to UPC officials, the planning body is looking at ways to encourage property developers to restart construction work on a handful of unfinished towers on the island that were hit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-developer-aldar-sets-sights-on-yas-and-reem-projects\/","url_meta":{"origin":21474,"position":5},"title":"Abu Dhabi developer Aldar sets sights on Yas and Reem projects","date":"March 21, 2017","format":false,"excerpt":"\r Aldar Properties expects to invest Dh1.9 billion in developing four new projects on Reem Island and Yas Island in Abu Dhabi as part of the company's plans to boost its recurring revenue. Abu Dhabi's largest listed property developer said on Monday in a statement it plans to build a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21474"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=21474"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21474\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=21474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=21474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=21474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}