By Andy Sambidge
Abu Dhabi developer says major retail project set for completion in Q4 2013
Abu Dhabi's Aldar Properties on Sunday announced that it had awarded the main construction contract for its Yas Mall retail project to Six Construct.
The appointment follows the completion of design work and the submission of technical proposals for the mall which will be a key attraction on Yas Island, the emirate's entertainment destination, Aldar said in a statement.
Six Construct is fully owned by BESIX Group, itself a 50-50 venture between OCI and Belgian construction group Besix.
Scheduled for completion in the fourth quarter of 2013, Yas Mall will feature 235,000 sq m of retail trading area housing a hypermarket, concept stores, a multiplex cinema and family entertainment centre.
Yas Mall is more than 40 percent let to retailers, and advanced negotiations are well under way with a number of major international brands, Aldar added.
Ali Eid Al Mheiri, chairman of Aldar: "The award of the main construction contract for Yas Mall is another key milestone in the strategic development of this significant leisure and entertainment destination that meets the needs of Abu Dhabi.
"As one of the largest retail developments underway in the region, Yas Mall demonstrates once again Aldar's ability to deliver significant projects in line with Abu Dhabi's strategic vision."
Sami Asad, CEO of Aldar added: "We are delighted to announce the appointment of Six Construct to deliver the Yas Mall project, who were selected for their significant experience in delivering projects of this scale in Abu Dhabi, the UAE as well as on an international basis."