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AFC clinches $326m contract
The initial waterfront component of Dubai Festival City has awarded Al Futtaim Carillion a Dh1.2 billion construction contract for its Creekside retail, hospitality and entertainment facility. The combined total built-up area of the facilities in this initial Dubai Festival City component exceeds 6 million square feet, with additional provision for under-cover parking that will accommodate 8,000 cars.
"We are creating a world-class 'downtown' waterfront destination and to achieve this objective, we are in the process of contracting a range of leading construction companies to join with the owners in making this exciting 'city-within-a-city' a reality," said Phil McArthur, director of marketing and leasing for Dubai Festival City. The 1.8 million square foot retail centre will be the focal point of Dubai Festival City's various lifestyle destinations and will feature in excess of 400 retail outlets, cafes and restaurants.
The centre will be home to approximately 20 international flagship retailers, leading into a three-level, enclosed retail environment.
"In bidding for this first major building contract, Carillion demonstrated its capability to provide the necessary experience through its international and local operations to align with our requirements and expectations," said McArthur.
The initial deep excavations for the centre are virtually complete and structural foundation work is underway, which comprises two levels of basement parking and the support foundations for three levels of leasing area above ground.
The completion of this phase and the superstructure work is being fast-tracked to be finished by the end of next year, for the centre's opening in the third quarter of 2006.
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