Nakheel awards Dhs.1.2 Billion mall contract to UNEC and Actco

Posted on 28th May 2014

Nakheel announced yesterday that it awarded of a contract of over Dhs.1.2 billion to United Engineering Construction and Actco General Contracting Company for the construction of Nakheel Mall – a 418,000 square metre retail hub to be built in the heart of Palm Jumeirah, Dubai. Construction is expected to commence soon. The mall is expected to be completed in 2016.

Nakheel Mall will have five retail levels with more than 100,000 square metres of shop space, three basement parking levels with 4,000 spaces, 200 shops, two anchor department stores, a nine-screen cinema, medical centre and fitness complex. There will also be a roof plaza with fine dining restaurants, as well as a diverse selection of food and beverage outlets inside.

Nakheel Mall will be constructed by selected business partners – New Mall Limited – through a Build, Operate and Transfer (BOT) mechanism. The project will be managed by Nakheel until the transfer date.

Alongside Nakheel Mall will be The Palm Tower – Nakheel’s new, five-star, 50-storey hotel and residential complex – for which a separate construction contract will be awarded soon. The Palm Tower comprises 504 luxury residences and a 290-room hotel occupying the first 18 floors of the building. There will also be a rooftop restaurant and infinity pool.

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