Dubai – Mubasher: Drake & Scull International (DSI) on Wednesday announced that it has been awarded an AED 600 million ($163.38 million) contract to execute the mechanical, electrical and plumbing (MEP) works at Reem Mall.
Covering an area of 2.8 million square metres, the mall will host around 450 stores, featuring 85 food and beverage outlets and various family-friendly entertainment attractions, including Snow Park Abu Dhabi by Majid Al Futtaim, DSI said in a filing to Dubai Financial Market (DFM).
The project, which is located in Abu Dhabi’s prestigious Reem Island, is being developed by Al Farwaniya Property Developments and the National Real Estate Company (NREC).
Itinera-Ghantoot JV, a joint venture between Itinera, one of Italy’s largest construction companies, and Ghantoot, one of UAE’s leading builders is the lead contractor of the project, according to the statement.
“The company is achieving progress on its ongoing comprehensive restructuring efforts, and the Restructuring committee has appointed international restructuring advisers, to initiate a comprehensive operational and financial plan to stabilize the business and support future growth,” DSI's statement highlighted.
