National Real Estate Company (NREC), a leading Mena real estate developer, has appointed international consultants Mace to project manage the development of Abu Dhabi's new entertainment, dining and shopping destination - Reem Mall. 

Reem Mall, developed in partnership with Kuwait’s United Projects for Aviation Services Company (UPAC), is a 2 million-sq-ft retail, leisure, dining and entertainment destination located on Reem Island.

Under the agreement, UPAC will invest up to $224 million in the project through its real estate subsidiary, Al Arfaj Real Estate Company.

Shane Eldstrom, vice president – Development, NREC, said: “Once completed, Reem Mall will become Abu Dhabi’s most exciting destination. Working with a renowned delivery partner such as Mace will bring a new level of international expertise to our professional consultant team, and ensure that the delivery of the Reem Mall project adheres to the highest industry standards.”

Nic Alford, Mace Operations director, said: “Reem Mall is NREC’s largest and most ambitious project to date. We are delighted to be trusted by NREC to deliver Reem Mall, which will make a significant contribution to the development of Reem Island. ”

Mace has an extensive track record of delivering large scale retail-led mixed-use developments across the UAE, including Mall of the Emirates, Mirdif City Centre, Deira City Centre and, more recently, picking up the major regeneration scheme Khor Dubai. 

Currently at concept design stage, the $1 billion Reem Mall project will start construction this year and is expected to open in 2018. Once completed, the mall will bring a wide range of family-focused retail, leisure and entertainment offerings to Abu Dhabi including 450 stores and 85 food and beverage outlets. – TradeArabia News Service