Reem Mall, Abu Dhabi’s upcoming fashion, entertainment and dining destination, has named Al Futtaim Carillion as the preferred tenderer for construction of the $1 billion project.
Reem Mall will enter into detailed contract negotiations with Al Futtaim Carillion exclusively, with the objective of finalizing an agreement to promptly execute the remaining works.
Al Futtaim Carillion has a long history of successfully working in the UAE and elsewhere in the Middle East, having been behind some of the country’s most notable development projects, including Deira City Centre, the Dubai Mall and Dubai Festival City expansions, and New York University in Abu Dhabi.
“The announcement marks yet another milestone for Reem Mall and comes on the back of final permission to construct received from Abu Dhabi Municipality earlier this month. Al Futtaim Carillion was selected as the preferred tenderer due to its strong track record of delivering significant high quality projects in the region, and its team of construction experts,” said Shane Eldstrom, chief operating officer for Reem Mall.
“Dutch Foundation’s works are paving the way for a quick and efficient start of the next stage of construction. As such, Reem Mall is on track to be the mall destination of choice for all residents and visitors across Abu Dhabi upon completion,” Eldstrom added.
Andrew Ridley-Barker, MD of Al Futtaim Carillion, said: “Al Futtaim Carillion prides itself on delivering some of the most notable projects in the region.”
Reem Mall, developed by NREC in partnership with UPAC, will deliver 2 million square feet of leasable area (2.8 million square feet of floor area) of retail, leisure, dining and entertainment choices. It will comprise around 450 stores, including 85 F&B outlets and a range of family-focused entertainment offerings.
Established in Kuwait in 1973, NREC has grown with ventures across the MENA.
Reem Mall names Al Futtaim Carillion as preferred tenderer
Reem Mall names Al Futtaim Carillion as preferred tenderer
STC Bank launches business portal for businesses, entrepreneurs and freelancers
STC Bank has launched a business portal as part of its strategy to provide integrated and Shariah-compliant digital banking services targeting multinationals, entrepreneurs and self-employed. The move reflects the bank’s commitment to enhancing and facilitating the banking experience through modern digital solutions.
The Business Portal is the first integrated digital experience that enables business customers to start their banking relationships and manage their entire business through a single digital platform, designed to meet the needs of various sectors, providing an easy and flexible banking journey characterized by simplicity and ease of use.
The portal provides a comprehensive dashboard that allows business owners to efficiently manage users, financial structuring and authorization matrix, where users can be added, assigned, and manage access to banking services flexibly within an advanced digital experience.
The Business Portal also includes a full range of banking services, most notably payments and remittances, beneficiary management, statement review and extraction, digital certificate issuance, as well as employee salary management, giving business owners full control over their financial operations through a unified and secure platform.
STC Bank allows registration and availing of business portal services through its website, while ensuring the highest levels of security using the latest cybersecurity and advanced financial technologies.
The launch of the upgraded Business Portal is part of STC Bank’s digital transformation journey toward building an integrated digital bank, which provides innovative banking solutions that contribute to supporting the growth of the business sector and enhancing the digital economy in the Kingdom.
