UAE-based contractor firms handed $326.7mn-worth contracts for construction of 418,000sq.m. large Nakheel Mall in Palm Jumeirah
UAE-based contracting firms United Engineering Construction (UNEC) and Atco General Contracting Company have been awarded a contract worth $326.7 million by Nakheel to undertake construction work on its 418,000sqm – large Nakheel Mall at Palm Jumeirah.
Construction on the retail development is expected to commence soon, and will be undertaken through the build-operate-transfer (BOT) by the selected business partner, New Mall Limited, which was previously involved in Nakheel’s Dragon Mart expansion project.
Nakheel will manage the project until project transfer is completed. Full project completion is estimated by 2016. In February 2014, the company announced it had received six proposals, with bids starting at $322.6 million for the construction contract.
Ground preparation and piling work on the project had already begun in October 2013.
The mall will include five levels for retail services, three basement parking levels with 4,000 spaces, two anchor department stores, a cinema hall, medical centre and fitness complex. The mall’s roof plaza will also include fine dining restaurants and other F&B outlets.