Nakheel signs US$7.5 million contract for Jumeirah Park Community Centre
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Sun July 1, 2012 12:20 pm

UAE. Nakheel today signed an AED27.5 million (US$7.5 million) contract for the construction of Jumeirah Park Community Centre, a new, 10,600 sqm facility in the company’s growing retail portfolio.
 
Nakheel has appointed Parkway International Contracting as main contractor for the community centre, which will primarily serve 4,200 homes in Jumeirah Islands, Jumeirah Village Triangle and Jumeirah Park.  It will include a Geant supermarket, cafes, a pharmacy, dry cleaner, salons and other everyday convenience stores.
 
Construction of Jumeirah Park Community Centre – one of several developments in Nakheel’s retail expansion pipeline – will begin immediately, and is expected to be completed in 12 months. 
 
The company has already leased most of retail outlets at the centre, with anchor tenant Geant taking 2,400 sqm – almost a quarter of the available space.
 
Sanjay Manchanda, Acting CEO of Nakheel, said: “Neighbourhood malls are a key part of our business plan. We are enhancing our communities with convenient, local facilities that people want and need.”
 
Confirmed tenants for Jumeirah Park Community Centre include Geant, Early Learning Centre, Bin Sina Pharmacy, Barakat Optical, Gloria Jeans, Pizzaro, Burger Fuel, Café de Roma, Photo Magic, Geekay Games and Holland and Barrett.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2014
UAE. The top ten most influential brands headquartered in the UAE based on engagement among LinkedIn's membership of 313 million professionals; Leading UAE airlines are the top two brands, Etihad Airways tops ranking.
date:Posted: September 2, 2014
INTERNATIONAL. U.S. strategic conception must evolve away from seeing these conflicts as distinct theaters into seeing them as different aspects of the same theater: the Black Sea.
date:Posted: September 1, 2014
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
UAE. The top ten most influential brands headquartered in the UAE based on engagement among LinkedIn's membership of 313 million professionals; Leading UAE airlines are the top two brands, Etihad Airways tops ranking.
dhgate