Al Futtaim JV $137m Doha Festival City deal
A joint venture including Al-Futtaim Engineering’s Qatar operations has won a QR500 million ($137.2 million) contract related to the Doha Festival City project.
Hamad and Mohamad Al-Futtaim and Voltas Qatar has been awarded the mechanical, electrical and plumbing (MEP) contract for the shopping mall which is expected to be completed by 2016.
Doha Festival City is the largest mixed-use development currently under construction in the Middle East, and on completion will be Qatar’s largest retail and leisure destination.
It will feature the Doha Festival City Mall, as well as a hotel and convention centre.
Doha Festival City Mall, with a gross leasable area of around 250,000 sq m, will comprise 550 outlets, including 85 restaurants and cafes, VOX Cinemas and a snow park. It will feature around 8,000 parking spaces.
Dawood Ozair, senior managing director of Al-Futtaim Engineering and Technologies, said: “We are extremely pleased to have won this major MEP project from Doha Festival City. This is another big milestone for our business and another opportunity to deliver our high quality services to customers in Qatar.”
Hamad & Mohamad Al-Futtaim’s other high-profile MEP projects in Qatar include the Burj Al Marina within the Lusail City development, IKEA which is located at Doha Festival City and the Heritage Quarter.
Source: Arabian Business