News Update

 

Stuart Ingram appointed as director of development for The Reem Mall

05 August 2014, Abu Dhabi, UAE: National Real Estate Company (NREC), has appointed Stuart Ingram as Director of Development for The Reem Mall, Abu Dhabi’s new retail, leisure, dining and entertainment destination. Ingram will be responsible for all aspects of development and delivery of the project, which is set to be one of the UAE’s largest and most exciting malls.

A Chartered Civil Engineer, Ingram has more than 20 years of experience in international real estate development projects and has won five international construction awards. Ingram has specialised knowledge of the Middle East retail and property industry, having previously worked on major regional projects including Dubai’s Mall of the Emirates, Ski Dubai and The Wave, Muscat.

Shane Eldstrom, NREC’s Vice President – Development, said: “We are delighted to have Stuart on board and he brings a wealth of experience to the project. Stuart has managed prestigious multi-million dollar construction developments in the UK and the Middle East and is a fantastic addition to our team. Stuart has a pedigree of proven project delivery, and his focus absolutely will be the timely delivery of this mall.”

Mr Ingram commented: “I’m excited to be joining NREC and managing the delivery of this project. The mall will be of a world-class standard, perfectly located in the new heart of Abu Dhabi. The retail and tourism industries are rapidly growing in the UAE capital and a retail centre of this calibre will be arriving at just the right time for the city.”

An investment of around US$1 billion will be put into The Reem Mall project and will include around 450 stores, 85 restaurants, and a range of entertainment features across three floors.

The Mall will introduce some completely new brands to the Middle East and will also contain some of the largest hypermarket space in the region. The project is to go through a single-phase construction period that will last around 30-36 months.

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. NREC has assets exceeding US$ 1.9 billion and manages 80 million square feet of land. The organisation houses subsidiaries and entities across a range of countries including the UAE, Egypt, Jordan, Iraq, Lebanon, and Libya. The portfolio of projects completed or under development, includes office space, mixed use centres, industrial parks, residential communities and super-regional malls. The Reem Mall will be one of the largest and most ambitious projects that NREC has undertaken and more announcements on the Mall’s progress are to be made over the coming period.