Published On:December 6 2018
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Dubai's Drake wins $163m contract for Abu Dhabi's Reem Mall.

Dubai-based Drake & Scull International (DSI) has announced that it has been appointed as the MEP contractor for Reem Mall, a new 2.8 million sq ft retail project in Abu Dhabi.

The company has been awarded a AED600 million ($163 million) contract to execute the mechanical, electrical and plumbing (MEP) works of the project under a joint venture agreement with Itinera-Ghantoot.

Located in the heart of Reem Island, Reem Mall will host around 450 stores, featuring 85 food and beverage outlets and various family-friendly entertainment attractions, including Snow Park Abu Dhabi by Majid Al Futtaim.

The project is being developed by Al Farwaniya Property Developments, a partnership between Agility, its affiliate United Projects for Aviation Services Company (UPAC), and the National Real Estate Company (NREC).

DSI also said in a statement that it is achieving progress on its ongoing comprehensive restructuring efforts, and the restructuring committee has appointed international restructuring advisers, to initiate a comprehensive plan to stabilise the business and support future growth.

The company said it aims to accelerate bidding and secure carefully selected projects, predominantly in the UAE, with several fully financed projects in various stages of active bidding.

www.arabianbusiness.com





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