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Wed 9 Mar 2016 02:08 PM

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Aldar awards $87m contract for Al Jimi Mall extension

Al Ain mall will add 51 new units over three levels and a retail park to the north of the shopping centre

Aldar awards $87m contract for Al Jimi Mall extension

Aldar Properties has awarded a $87m contract for Al Jimi Mall’s refurbishment and expansion works to Pivot Construction Company.

The Al Ain-based mall is fully occupied with footfall of 8 million visitors a year and this investment will increase the leased space of 33,000 sq m GLA, bringing the total leased area to 76,000 sq m of retail space.

The expansion will add an additional 51 new units over three levels to the west side of the mall, as well as a retail park to the north of the mall, which will consist of three huge retail boxes with sizes range from 1,500 meters to 6,500 sq m designed in a flexible way to accommodate different retailers’ area requirements.

Aldar said than fifty percent of the new space is already committed to new tenants, with a mixture of retail space as well as new dining and entertainment outlets planned for extension.

The Abu Dhabi listed company said the award is part of its overall $817m (AED3bn) investment strategy for the mall and reinforce its position as a modern shopping destination in Al Ain.

Talal Al Dhiyebi, Chief Development Officer at Aldar Properties, said: “With the renewal programme, we aim to catch up to with the very strong consumer demand Al Jimi Mall is enjoying. This initiative demonstrates our commitment to offering visitors a memorable shopping and entertainment experience, one that perfectly resonates the 15 years heritage of the mall and sets a new benchmark in both design and retail mix.”

The expansion work will be completed by end of the first quarter of 2018.

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