Reem Mall demonstrates significant construction progress
02 SEPTEMBER 2018, Abu Dhabi, UAE
Reem Mall, Abu Dhabi’s up and coming Retail, Dining and Leisure destination has announced the construction for the US $1.2 billion project is well underway, in line with the planned construction and finance targets.
The construction for the mall commenced in late 2017, with the foundation stone laid earlier this year.
Al Farwaniya Property Developments, the Developer behind Reem Mall, has also disclosed that as of August 2018, more than fourteen tower cranes have been erected, and over 120,000 m3 of reinforced concrete has been cast in place, with some sections now reaching level 4.
Once completed the project will encompass 350,000 m3 of reinforced cement concrete, 75,000 tons of rebar, 10,000 tons of structural steel and 75,000 m2 of pre-cast hollowcore concrete panels for a total built up area of over 650,000 m2.
Shane Eldstrom, CEO of Al Farwaniya Property Developments stated, “We are very proud to announce that Reem Mall has been progressing smoothly and is in line with our construction schedule. With construction that commenced during the latter part of 2017 and with a team of 4,000 workers on site, Reem Mall is well on its way to becoming the most exciting addition to Abu Dhabi’s retail and social landscape”.
“Reem Mall will be a unique lifestyle destination – a place which will bring families, friends and communities together. In addition to the world class retail, leisure and entertainment offering, it will bring vital infrastructure and improved connectivity, ensuring that our investment in Abu Dhabi continues to benefit local communities in the future.”
Reem Mall site is located in the Najmat District on Reem Island and is part of the residential and commercial master development by Reem Developers. Reem Island is expected to have a population of 200,000 people when fully built out.
This project is being developed by Al Farwaniya Property Developments, a partnership between three Kuwait-based companies: Agility, Agility affiliate United Projects for Aviation Services Company (UPAC), and National Real Estate Company (NREC). Together, the three companies bring a sound financial base, extensive experience in asset management and commercial real estate development, and a successful track record of mall operations for the mega-mall project.