Salini Impregilo wins $435m Dubai mall contract

expat network

Salini Impregilo wins $435m Dubai mall contract

Salini Impregilo has signed a $435-million contract with Meydan Group LLC to build the Meydan One Mall in Dubai, UAE.

The unique project will be part of the UAE and Dubai’s showcase to visitors in preparation for Expo 2020.

The Mall is part of a massive urban development project located between Meydan and Al Khail Road, close to the heart of the city. It is set to become Dubai’s number one attraction when the first phase opens in 2020.

According to the agreement, Salini Impregilo will prepare the area for development by overseeing the excavations and building of the sub- and super-structures for the complex, including the foundations for a ski slope and the concrete support for the steel structure above the Mall.

Construction is to begin this year and finish within 23 months.

The Mall is the first of several phases to this urban development project, which will include a water canal, a tourist port, walking and biking tracks and one of the tallest residential buildings in the world.

Added conveniences will feature two metro lines passing underneath it, one of which – the Green Line – will connect to Dubai Airport by 2020.

The contract belongs to €1.7 billion worth of projects already awarded this year, news of which was announced with the publication of the Group’s preliminary 2016 results.

Salini Impregilo, a leading global player in the construction of major complex infrastructure, has had a long presence in Dubai and the UAE. Other projects in its portfolio include the Ras Al Khor Interchange and Parallel Roads R 881 in Dubai, as well as the Deep Sewer Tunnel and Sheikh Zayed Grand Mosque in Abu Dhabi.

Source: www.salini-impregilo.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.