2 mins read

US $1.3bn Reem Mall opens for business in Abu Dhabi

UAE-based developer Al Farwaniya Property Developments has announced the official launch of Reem Mall. The shopping, dining and entertainment project was developed at a cost of US $1.3bn, and is located on Abu Dhabi’s Reem Island.

According to a statement from the developer, the project features 186,000sqm of gross leasable area, and has more than 400 retail stores and 80 food and beverage outlets, and is poised to be a prime destination for residents and tourists.

The mall was officially inaugurated by Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence in the presence of Jamal Al Ghunaim, Ambassador of Kuwait to the UAE, Tarek Sultan, Chairman of Agility Global; Al Farwaniya Property Developments Chairman Faisal Jamil Sultan Al Essa and Vice Chairperson Nadia Akil as well as other senior officials.

“Reem Mall is an iconic project that epitomises innovation, offering a premium mall experience and fostering community spirit. As a one-stop-shop family destination, it combines cutting-edge design with a diverse range of retail, dining, and entertainment options catering to every member of the family. Both NREC and UPAC are committed to creating a unique destination that aligns with Abu Dhabi’s vision to offer a remarkable lifestyle and leisure experience,” stated Al Essa.

The mall offers exclusive attractions, a unique retail mix with the latest design concepts, and the largest snow park in the region. It is home to one of the region’s fully integrated omnichannel retail ecosystem with digital, e-commerce, and logistics capabilities, the statement added.

Al Essa added, “Reem Mall is not just a shopping center. It is a vibrant hub where families, tourists, and shopping enthusiasts can enjoy an array of experiences and services tailored to their needs.”

Bruce von Kaufmann, Mall Director, Reem Mall stated, “Our exclusive attractions and diverse retail mix will appeal to locals, residents and Abu Dhabi visitors. Abu Dhabi is swiftly establishing itself as a worldwide hub for family entertainment and leisure, and we are thrilled to introduce a unique experience that surpasses visitors’ expectations.”

Al Farwaniya is a joint venture between logistics giant Agility Global, United Projects for Aviation Services Company (UPAC), and the National Real Estate Company (NREC). These three Kuwait-based entities bring a sound financial base, extensive experience in asset management and commercial real estate development, and a successful track record of mall operations.

The post US $1.3bn Reem Mall opens for business in Abu Dhabi appeared first on Middle East Construction News.