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Arabian Centres awards contract to build new mall in Saudi Arabia RIYADH, 3 hours, 55 minutes ago Arabian Centres Company, a leading owner, developer and operator of lifestyle shopping centres in Saudi Arabia, has awarded a SR257.3 million ($68.5 million) contract to Lynx Contracting Company for the construction of a new shopping centre in Madinah.
The project, Madina Walk, will be the second addition to ACC s portfolio of shopping centres in the city, and is set to add about 57,000 sq m to its gross leasable areas (GLA), said ACC in its filing to the Saudi bourse Tadawul.
The retail pioneer said in addition to the construction and development of the commercial centre, Lynx Contracting will be responsible for site preparation, excavation, backfilling and land leveling works. ....
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Lynx Contracting Company was awarded the main contract, the mall operator said in a filing on Wednesday. Only the second project of Arabian Centres in Madinah, the new destination will add 57,000 square meters of gross leasable area. It is part of a wider push to tap retail opportunities from Madinah’s growing population, as well as capitalizing on the gradual return of pilgrim traffic in the province. Arabian Centres said it was also part of its strategy of seizing opportunities and prime locations in areas where there is still an elevated demand for modern lifestyle destinations such as outdoor shopping centers. ....
Arabian Centres awards contract to build new mall in Saudi Arabia tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.