Nakheel expects to award a construction contract of 2.5 billion …

Nakheel said on Sunday that it expects to award the construction contract for its AED2.5 billion ($680 million) Nakheel Mall retail, dining and entertainment complex on Palm Jumeirah within three months.

The Dubai-based developer said in a statement that it has received a total of six proposals with bids starting at AED1.185 billion.

Nakheel Mall will be built at the heart of The Palm, at the northern end of the island’s trunk.

Due for completion in 2016, the complex will include 200 shops, 4,000 parking bays, two anchor department stores, a nine-screen cinema and six medical clinics.

There will also be a roof plaza with 12 fine dining restaurants as well as a host of cafes and eateries inside.

Ground preparation and piling work on site have already begun at the 418,000 square metre complex.

British supermarket brand Waitrose has been signed up as first major anchor tenant of the project and will occupy a 4,200 square metre area.

* Nakheel no longer responds to media enquiries, nor does it grant this publication access to any of its media events or announcements. Source: Arabian Business

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