$326 million contract with United Engineering Construction and Actco General Contracting confirmed at signing ceremony
RELATED ARTICLES: Nakheel awards contracts for construction of substations at Deira Islands | Palm Tower by Nakheel to be linked with Palm Monorail | Contracts worth $326.7mn distributed for Nakheel Mall construction
Nakheel has awarded a $326.70 million contract for the construction of its Nakheel Mall on Palm Jumeirah to two UAE based construction firms.
United Engineering Construction LLC and Actco General Contracting LLC, were jointly awarded the contract in May this year, with the deal cemented at a signing ceremony held in July. Construction work on the project is expected to begin shortly.
Nakheel Mall, the new centrepiece of Palm Jumeirah, will have five retail levels with more than 100,000 sqm of shop space, three basement parking levels with 4,000 spaces, 300 shops, two anchor department stores, a nine-screen cinema, medical centre and fitness complex.
There will also be a roof plaza with a host of fine dining restaurants, as well as a diverse selection of food and beverage outlets inside. The project is expected to be completed in 2016.
Alongside Nakheel Mall will be The Palm Tower – a five-star, 50-storey hotel and residential complex – for which a separate construction contract will be awarded soon.
The mall is one of several new retail projects currently underway, which are funded by Nakheel. These include a 620,000 sqm mall at Deira Islands, which was announced in June 2014.
Furthermore, the developer is also developing a night souk at Deira Islands, The Pointe at Palm Jumeirah, extensions to Dragon Mart Mall and Ibn Battuta Mall and retail centres at five Nakheel communities across Dubai.