News Update

 

Reem Mall concept plans given green light by Abu Dhabi urban planning council

Concept Planning Report consent paves way for start of construction

05 July 2015, Abu Dhabi, UAE: The development of Reem Mall, Abu Dhabi’s up and coming entertainment, dining and shopping destination, has taken a significant step forward after Abu Dhabi Urban Planning Council (UPC) granted approval for the project’s concept plans.

The Concept Planning Report (CPR) approval paves the way for the Enabling Works Permit, also issued by the UPC, which will allow for construction to commence on the US$ 1 billion project this year.

The news comes just weeks after UPC gave the go-ahead for the Reem Island Integrated Concept Masterplan. Reem Mall forms a significant elements of the overall vision for Reem Island, which will eventually become home for more than 200,000 residents.

Once completed, Reem Mall, developed by the National Real Estate Company (NREC) in partnership with United Projects for Aviation Services Company (UPAC), will deliver 2 million sq ft of retail, leisure, and dining and entertainment choices with some 450 stores including 85 food and beverage outlets.

Shane Eldstrom, Vice President – Development, NREC, commented: “The UPC approval represents a major milestone in the development of Reem Mall, allowing the project to move closer to the construction phase. Subject to all required permits, we look forward to breaking ground on site this year.”

Established in Kuwait in 1973, NREC has grown into one of the largest real estate companies in the region with ventures across the Middle East and North Africa.

UPAC is one of Kuwait’s leading real estate management companies. Under the agreement, UPAC will invest up to US $224 million in the project through its real estate subsidiary, Al Arfaj Real Estate Company.