Nakheel awards Drake & Scull subsidiary Gulf Technical Construction Company AED 353.75 million general contracting deal for The Circle Mall in Dubai

Wednesday 21 October 2015

Dubai - MENA Herald: Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, Oil and Gas, Water and Wastewater Treatment, announced that UAE based major real estate developer Nakheel has awarded Gulf Technical Construction Company (GTCC, Drake & Scull’s general contracting subsidiary) a AED 353.75 million contract to build the Circle Mall located between Sheikh Mohammed Bin Zayed Road, Al Khail Road and Hessa Street in the Jumeirah Village Circle. Conceived as a new leisure destination for residents and tourists in Dubai, the project will cater to the retail requirements of residents living in the Jumeirah Village and its surrounding areas.

The Circle Mall will comprise 235 shops, a multi-screen cinema, a health clinic, cafes, restaurants and a food court, spanning more than 432,000 sq. feet in total built up area. Nakheel has stated that about half of the leasable space has been reserved by retailers with tenants including Spinneys, Oscar Cinemas, Sports Market, Early Learning Centre, Mamas & Papas, Grand Optics, Tips & Toes, Bare Salon and Supercare Pharmacy.

Khaldoun Tabari, CEO and Vice-Chairman of Drake & Scull International PJSC, said: “We are pleased to start off the fourth quarter of 2015 on a strong positive note via the AED 353.75 million Circle Mall project award for our general contracting subsidiary GTCC. The project win has helped DSI achieve AED 2.43 Billion in project awards since the start of 2015, and we remain optimistic about securing more high profile projects before the end of the year. The Circle Mall presents us with an opportunity to cement our credentials as the general contractor of choice for large scale projects in the UAE. We believe that our extensive experience in delivering a diverse range of high profile, complex real estate developments, backed by the region’s most competent and skilled workforce and management gives us a leading edge. We look forward to contributing towards the UAE’s development goals as the UAE moves forward with the Expo 2020 preparations.”

GTCC is currently delivering The Pointe, the Maliha Hospital, the Binary Tower as well as the Al Reef Residences Tower in the UAE. GTCC’s project portfolio includes prominent UAE landmarks such as the Royal Amwaj Resort and Spa, Movenpick Hotel and Oceana Residences on the Palm Jumeirah, Laguna Towers in Jumeirah Lake Towers, The Corner in Business Bay, Park Corner in Jumeirah Village South, Lakeside Towers in the IMPZ, the Cayan Business Center in TECOM in Dubai and the Mangrove Development at Reem Island in Abu Dhabi.

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