Eagle Hills Sharjah has appointed East Coast Contracting and Trading as a contractor for its AED160 million ($43.5 million) Kalba Waterfront project.
The developer said the retail development will answer the growing demand for modern retail facilities when it opens in the third quarter of 2019.
As part of the contract, East Coast Contracting and Trading commenced the enabling and structural works on the master-planned retail development.
Marwan bin Jassim Al Sarkal, CEO of Shurooq, said: “Our signing with East Coast Group is only the beginning of our strategic venture to grow our investment portfolio, thanks to their outstanding works in Sharjah, Dubai, Fujairah and their existing retail projects in Kalba, affirming our confidence and trust in their capabilities to make our vision come true.”
Low Ping, CEO of Eagle Hills, added: “In line with our mission to drive economic growth across the UAE and particularly in the Northern Emirates, we identified a need in Sharjah’s retail market for a modern facility that would provide entertainment, restaurants and fashion all under one roof. We are pleased to be addressing this through Kalba Waterfront, a first-of-its-kind retail development for Sharjah.”
Kalba Waterfront covers a gross floor area of 17,000 square metres and overlooks the Kalba lagoon. The mall will feature 86 retail outlets as well as a large indoor dining area, a children's play area, a family entertainment centre, and a park.
Kalba Waterfront is one of three major developments, alongside Maryam Island and Palace Al Khan, which represent Eagle Hills’ venture into Sharjah. Worth a total of AED2.7 billion, the trio of projects are the result of a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.