The Big Picture
CSCEC to build Mirkaaz Mall in Ajman Ajman Holding agrees deal for the design and construction of $131m project
Significant boost Mirkaaz is expected to provide a significant boost to Ajman’s economy, with the retail industry in the emirate likely to see a boost in GDP growth.
Ajman Holding has signed an agreement with China State Construction Engineering Corporation (CSCEC) Middle East to develop and construct Mirkaaz, the recently launched $131.6 million shopping destination in the emirate of Ajman. Expected to have more than 10 million visitors in its first year of operation, Mirkaaz will be the first mall in the UAE to feature an atrium roof of more than 7,900sqm. Constructed using ETFE technology to provide natural UV light within the mall, the roof will allow the natural growth of plants within the mall, while also offering day/ night sky views for visitors. 8 February 2018
Construction is scheduled to start in January 2018, with the project to be built over 92,903sqm. The target date for completion is the last quarter of 2019. The mall will host a hypermarket that will cover a total of 15,000sqm, while also encompassing more than 100 retail stores. In the presence of HH Sheikh Abdulaziz bin Humaid Al Nuaimi, chairman of Ajman Holding, an agreement was signed by Yahya Al Jasmi, managing director of Ajman Holding, and Yu Tao, President and CEO of China State Construction Engineering Corporation Middle East LLC (CSCEC ME) on January 8 in Ajman.
“Mirkaaz is in line with the ambitious Ajman 2021 initiative, which will set unprecedented standards for Ajman’s economy”
“It is indeed a pleasure to have CSCEC on board to develop the mall. While this is a major milestone in the lifecycle 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. “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 1,100 bluecollar workers and 50 engineers on-site, offering direct and indirect job opportunities.” The construction management of the project will be by Funtastic Engineering Consultancy (FEC), a design and project management consultant incorporated in Abu Dhabi, he added. “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 Yu Tao. Mirkaaz is expected to provide a significant boost to Ajman’s economy, with the retail industry in the emirate likely to see a boost in GDP growth. The non-oil sectors recorded growth of 3.1% in 2017, with growth of 3.7% expected in 2018. The project is the latest development in Ajman Holding’s portfolio. It is strategically located at the juncture of Ajman and Sharjah, near both the Sharjah and Dubai international airports, while also being easily accessible via Sheikh Mohammed Bin Zayed Road.