AJMAN, Ajman Holding yesterday signed an agreement with China State Construction Engineering Corporation (CSCEC) Middle East to develop and construct Mirkaaz, the recently launched shopping destination in Ajman, which is expected to have more than 10 million visitors in year one.
The agreement was signed by Yahya Al Jasmi, Managing Director of Ajman Holding, and Yu Tao, President & CEO from China State Construction Engineering Corporation Middle East. The signing ceremony witnessed the attendance of Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of Ajman Holding.
"It is indeed a pleasure to have CSCEC on board to develop the mall. While this is a major milestone in the life-cycle of the mall, we are confident that CSCEC will deliver the highest standards of quality for shopping and leisure to all UAE residents and visitors," said Al Jasmi.
"It is an honour to be appointed as the contractor on this prestigious project. At CSCEC we are committed to delivering best-in-class services, and we share the ambitious aspirations of Ajman Holding to revolutionise the retail prospects in the emirate," said President & CEO of CSCEC ME.
Valued at AED 500 million, Mirkaaz will be the first mall in the UAE to feature a sprawling Atrium Roof of more than 7,900m2, constructed using ETFE Technology to provide natural UV light within the mall, allowing natural growth for plants, and scenic day/night sky views to all visitors thus creating a shopping experience on a whole new level. The construction of the mall being built over one million square feet of land will start in January 2018 and when completed in the last quarter of 2019 the mall will host a hypermarket, sprawling over 15,000 square metres and also encompass more than 100 stores for people to shop to their hearts content.
"Mirkaaz is in line with the ambitious Ajman 2021 initiative, which will set unprecedented standards for Ajman's economy. The construction of the mall will lead to more than 1100 blue-collared workers and 50 engineers on site, offering direct and indirect job opportunities," added Yahya Al Jasmi.
With the world's most prestigious retail and dining outlets to be showcased at the mall, the retail industry in Ajman will receive a boost in its GDP growth. Currently, the non-oil sectors recorded a growth of 3.1 percent in 2017 and will grow to 3.7 percent in 2018 - reflecting the strength and soundness of the UAE's development policies.
Source: Emirates News Agency