The developer behind the US$1 billion Reem Mall yesterday said that the project was on target to start this year after Abu Dhabi Urban Planning Council (UPC) granted approval for its concept plan.
“The UPC approval represents a major milestone in the development of Reem Mall, allowing the project to move closer to the construction phase,” said Shaun Eldstrom, the chief operating officer for Reem Mall. “Subject to all required permits, we look forward to breaking ground on site this year.”
The mall is being developed by Kuwait’s National Real Estate Company alongside the United Projects for Aviation Services Company (Upac).
Upac said it would invest up to $224 million in the project through its subsidiary, Al Arfaj Real Estate.
The UK building company Mace was appointed in January to supervise construction.
The mall’s construction, which is expected to be completed by 2018, will contain 2 million square feet of space comprising 450 stores, and 85 food and beverage outlets.
Last month, the UPC approved a new master plan for the whole of Reem Island, which is planned to eventually be home to about 210,000 residents and 10,000 hotel rooms. It will also contain 1.4 million square metres of office space.vvv
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