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
china wholesale market

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: March 3, 2015
INTERNATIONAL. Unexpected developments can catch the herd wrong-footed and spark major movements when the masses scatter at the same time. When that occurs, those who resisted the herd may find themselves rewarded. We believe that we are approaching such a point.
date:Posted: March 3, 2015
QATAR. QNB Group report examines recent developments and the outlook for the Qatari economy as it continues its strong growth based on large investment spending.
date:Posted: March 3, 2015
INTERNATIONAL. This isn't about Netanyahu and Obama, and both know it. It is about the reconfiguration of a region the US cannot subdue and cannot leave. It is the essence of great power strategy: creating a balance of power in which the balancers are trapped into playing a role they don't want.
INTERNATIONAL. This isn't about Netanyahu and Obama, and both know it. It is about the reconfiguration of a region the US cannot subdue and cannot leave. It is the essence of great power strategy: creating a balance of power in which the balancers are trapped into playing a role they don't want.
dhgate