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FINANCIAL NEWS
SHH to build $41m shopping mall in Ajman
24 May 2010
(MENAFN) Sweet Homes Holdings (SHH), a leading UAE-based developer and real estate services provider, has unveiled a $40.6 million shopping mall within its $600 million multi-use Ajman Uptown project.
The luxury retail establishment, which has a total built-up area of 78,387.22 square meters, is scheduled to be completed by the end of 2012.
Sweet Homes General Contracting (SHGC), the in-house contracting arm of Sweet Homes Group and the main contractor for the Ajman Uptown project, is also in-charge of the main construction works on the mall, which has already witnessed the start of the shoring and excavation phase.
Construction of the B+G+4+HC mall has started, with all building permits and licenses already granted approval by the Municipality of Ajman, a statement said.
Upon completion, the retail center will cater to the shopping needs of a wide range of customer groups, from families to young professionals with a total of 182 shops, a hypermarket, cinemas, a gymnasium and a host of coffee shops and food establishments within a food court.
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