GCC/ALEC JV bags Doha Festival City $453mn contract
Posted on 26th May 2014
Bawabat Al Shamal Real Estate Company (BASREC), owner of Doha Festival City awarded a $453mn construction contract to a joint venture of Gulf Contracting Company (GCC) with ALEC for the main works package, the company said in a statement. The main works contract is due to start in July 2014. The mall is scheduled to open in the third quarter of 2016. It will house 550 outlets including 85 restaurants and cafes, the country's first-of-its-kind Entertainment Zone which will include VOX Cinemas and a snow park, and will feature around 8,000 parking spaces.
Upon completion, Doha Festival City Mall will be Qatar's largest shopping mall with a gross leasable area of 250,000m2.
Kareem M Shamma, CEO, BASREC, said: "We have already signed tenancy deals with the region's retail powerhouses, including Azadea, Alshaya, Landmark, Apparel, Rivoli, Dubai Holding Group, and Al-Futtaim Retail. Our main objective is to provide all of Qatar's residents and visitors with a memorable experience every time they visit us."
Speaking on behalf of the GCC/ALEC JV, Darrell Bergesen, ALEC Qatar GM and Grahame McCaig, GCC GM, said: "We are delighted to have put forward a winning proposition for this scheme, which we have followed for a considerable period of time. This award is the culmination of a huge effort by the respective partners' estimating, commercial, and technical teams."
For detailed information on this project - Doha Festival City - Retail MallBack to all Construction News
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