Dubai master developer Nakheel has signed a AED1.2 billion ($326 million) construction contract for its new 4,497,680 sqft mall on Palm Jumeirah.
The contract to build Nakheel Mall was inked at a ceremony between Nakheel and UAE firms United Engineering Construction (UNEC) and Actco General Contracting Company, who were jointly awarded the contract in May. Construction is expected to begin soon.
According to Nakheel, a separate construction contract for The Palm Tower — the firm’s new five-star, 50-storey hotel and residential complex — will be awarded soon.
Nakheel Mall, the new centrepiece of Palm Jumeirah, will have five retail levels with more than 1,076,000 sqft 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.
A frictionless omnichannel experience which is predictive, value-focused, and highly personalised isFebruary 16, 2023 | By RetailME Bureau
J Lindeberg was started by Johan Lindeberg in 1990s with the aimSeptember 2, 2022 | By RetailME Bureau
At a time when 1/3 of the world’s food is wasted, a
Global heavyweights from around the world are confirming their participation at InFlavour,
Coffee Planet has unveiled a new brand identity to reinforce its position
The expansion of the organic food and grocery market in the UAE
Dubai-based consumer cooperative brand Union Coop has signed a memorandum of understanding
UAE-based diversified business GMG’s Everyday Goods – Retail division has announced the
Located in Al Aweer and spanning 66,000 square metres the recently opened
Abu Dhabi-based diversified F&B company Agthia Group has launched a $54 million
Grocery retail major Carrefour, owned and operated by Majid Al Futtaim in
UAE-based diversified business GMG has opened the first monop convenience store at
Carrefour, which is owned and operated by Majid Al Futtaim Retail in
Curating and giving homegrown businesses a platform for growth has always been
1930s ushered in the era of neighbourhood shopping malls or community shopping
During the first half of the year, period ending June 30, 2023,
Seven years ago, a momentous event took place in the Kingdom of
Recently Prince Turki bin Talal Al Saud, Prince of the Asir region
The rapid pace of retail development in Saudi Arabia has created opportunities
From coffee chain to premium fragrances and jewellery, several brands including Costa
Situated on the northern western tip of Saudi Arabia’s Jeddah the Red
Abu Dhabi based Dalma Mall won 8 prestigious awards for retail and
The Dubai Shopping Malls Group (DSMG) has announced the return of its
An investment partnership has brought together the Red Sea Markets Company and