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Article: UPC presses ahead with mall plans.(SAUDI ARABIA)(United Properties Company)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- March 31, 2006
CopyrightCOPYRIGHT 2006 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The local United Properties Company (UPC) has awarded France's Freyssinet an estimated SR 200 million ($54 million) contract to build the Aliat al-Madinah mall. The project is the latest award in an estimated SR 4,000 million ($1,000 million) programme planned by UPC involving 15 retail and commercial developments (MEED 7:10:05).
The Aliat mall will have a built-up area of 74,600 square metres and will take about 18 months to complete. It will house the largest Savola Group supermarket in the kingdom. A team of the local Divar Consult and France's CVZ is the consultant.
UPC has also awarded an estimated SR 40 million ($11 million) contract to a local ...