An artist’s impression of Reem Mall.
Foundation stone laid for $1.2bn Reem Mall
01 June 2018
Al Farwaniya Property Developments has laid the foundation stone for Reem Mall, the biggest retail, leisure and entertainment destination in Abu Dhabi, being built at a cost of $1.2-billion on Reem Island.
Al Farwaniya Property Developments is a joint venture between Agility, Agility-affiliate United Projects for Aviation Services Company (UPAC), and National Real Estate Company (NREC).
The project is located in the Najmat District on Reem Island, the residential and commercial master-development by Reem Developers. Reem Island is planned to have a population of 200,000 on completion.
Reem Mall will boast 450 local and international brands, hypermarkets and department stores, along with a range of entertainment and leisure options such as Snow park Abu Dhabi, a destination snow park attraction, multiplex cinemas as well as 85 dining options.
Work on the mall was launched in late 2017 with the awarding of a Dh2.3 billion contract to Itinera Ghantoot, a UAE-Italy joint venture.
The project, which is anticipated to be completed by late 2020, is going through a single-phase delivery and has been aligned with the master-planned development of Reem Island, which in itself has been building momentum over the years as a major residential and business centre.
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- Foundation stone laid for $1.2bn Reem Mall
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- In Brief
