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FINANCIAL NEWS
Dubai’s Nakheel signs USD326m contract
14 Jul 2014
(MENAFN) Dubai-based developer Nakheel has signed a USD326 million contract to construct Nakheel Mall on Palm Jumeirah, according to Arabian Business.
The contract was signed between Nakheel and UAE firms United Engineering Construction (UNEC) and Actco General Contracting Company, who were jointly awarded the contract in May.
Nakheel Mall, the new centrepiece of Palm Jumeirah, will include five retail levels with more than 100,000 square meters of shop space, three basement parking levels with 4,000 spaces, 300 shops.
It will also include two anchor department stores, a nine-screen cinema, medical centre and fitness complex.
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