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Itinera Ghantoot wins $1.2bn Reem Mall contract

UAE - November 28, 2017
Reem Mall

Itinera Ghantoot has been signed as lead contractor for the upcoming $1.2bn (AED4.4bn) Reem Mall in Abu Dhabi.

Itinera Ghantoot is a joint venture between Italian construction company Itinera and UAE builder Ghantoot.

Massimo Malvagna, the chief executive of Itinera, said: “This prestigious contract to build Reem Mall rewards Itinera’s skills and know-how in highly complex civil and industrial building projects that have architectural, commercial, and social value.”

Manea Ali Al Balooshi, managing director of Ghantoot Transport and General Contracting, added: “We are always looking for ways to turn imaginative ideas into leading products and services, and it is an honor for us to work alongside Itinera for the successful development of Reem Mall.”

Located in the Najmat District of Reem Island, the mall will feature education attractions and family-focused entertainment options, such as Snow Park Abu Dhabi. Moreover, Reem Mall includes 450 stores and food and beverage outlets spread over 2.9 million square feet. 

The project is being developed by Al Farwaniya Property Developments, a partnership between logistics giant Agility, Agility-affiliate United Projects for Aviation Services Company (UPAC), and National Real Estate Company (NREC).

Shane Eldstrom, chief executive officer (CEO) of Al Farwaniya Property Developments, said:”This is a major milestone towards the delivery of Abu Dhabi’s new lifestyle, retail and entertainment destination. We are very excited about working with the Itinera Ghantoot JV.”

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