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Fri 4 Sep 2015 09:26 AM

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Firm hired to manage costs on $1.5bn Al Maryah Central project

Developer appoints Faithful+Gould to provide financial guidance on 2.3m sq ft shopping mall project in Abu Dhabi

Firm hired to manage costs on $1.5bn Al Maryah Central project

Developer Gulf Related has appointed Faithful+Gould to provide cost management services for phase 1 of the $1.5 billion mixed-use Al Maryah Central project in Abu Dhabi.

Phase 1 of Al Maryah Central, the 3.1 million square foot mixed-use development, will deliver a 2.3 million square foot shopping centre.

Faithful+Gould will act as the client's cost consultant during the entire construction phase through to centre opening in 2018.

When completed in March 2018, the Al Maryah Central mall will feature the first Macy's outside of the United States, the first Bloomingdale's in Abu Dhabi and 20 specialist Al Tayer stores as part of the 400 store strong retail offering.

In addition, Al Maryah Central will include 145 restaurants and cafés, a 20-screen cinema complex, a medical centre, a crèche, a health club, a public library, a food market as well as three rooftop parks.

Subsequent phases of the development will include residential units as well as a hotel in two high rise towers.

Enabling works have been completed and the construction phase begins this month on the project.

Donal O'Leary, Faithful+Gould director, said: "We are very excited and proud to be supporting such an important and high profile project. Our proven track record in the region's retail sector for ensuring our clients' requirements are met, in respect of cost, time, quality and safety was a key factor in our appointment.

"Al Maryah Central will transform Abu Dhabi's retail offering and is a project we are really pleased to be a part of."

Faithful+Gould has successfully delivered high profile projects in the lifestyle sector in the Middle East.

Completed projects include Al Zahia Mall in Sharjah, the Ritz Carlton Dubai, Yas Island Marina Hotel, Yas Waterworld Abu Dhabi, Jumeirah Beach Resort Dubai, and Jumeirah Lakes Towers in Dubai.

Faithful+Gould, a subsidiary of the Atkins group, has 450 staff across the GCC, with a permanent presence in the UAE since 1997.

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