Arabtec bags AED363mn Dubai South mall contract
Arabtec Holding’s wholly-owned subsidiary, Arabtec Construction, has been awarded an AED363mn contract for the construction of the Dubai South Mall.
The contractor has been awarded this project by the joint venture between Emaar Properties and Dubai World Trade Centre. The mall will have a built up area of approximately 83,000 sqm, comprising a ground level consisting of a grade level parking and a hypermarket, the next two levels will include food and beverage (F&B), cinema, family entertainment facility, food court, and retail shops.
With the project work to commence this month, the mall will be located in Dubai South, a 145 sqkm city on Dubais southern border that encompasses the Al Maktoum International Airport, the Expo 2020 site, and a major logistics district.
Group chief executive officer, Hamish Tyrwhitt, said in a statement to Dubai Financial Market (DFM): We continue to build strong relationships with our clients and are pleased to announce the award from the JV for the construction of the Dubai South Mall and look forward to delivering another project at the Expo 2020 Site. Our recent project wins demonstrate the trust we are developing with our clients to deliver projects.
“We are also building that trust with our shareholders, in our ability as management, to then deliver on those projects. We continue to adopt a selective risk management approach in order to capture jobs within our core competencies and strategic focus.