Abu Dhabi in talks to raise funds for The District

RetailME Bureau

Abu Dhabi’s Tourism Development & Investment Co (TDIC) is in the process of completing the financing requirements to build The District, the largest shopping mall in the emirate.

A funding deal is expected to be finalised by the end of January, allowing building work to start by March or April. Construction work on the project expected to hold over 550 units across 2.9 million sqft of leasable space is scheduled for completion by 2017.

TDIC is partnering with L Real Estate, a global property development and investment fund sponsored by French luxury goods company LVMH, for this project.