Salini Impregilo, an Italian industrial group, has won a contract of worth $435 million to develop the Meydan One Mall in Dubai, announced in a ceremony.
The company received this deal because of its excellent working experience in many important projects in the Middle East including Sheikh Zayed Grand Mosque in Abu Dhabi. It specialised in specialising in the construction of major and complex infrastructure projects.
Apart from the construction work of the mall, the builder will have to look after some of the substructures and superstructures for neighbouring elements that include the foundations and concrete support structures for the 1 kilometre-long indoor ski slope built above. There will be two metro lines passing under the mall where a green line is built to connect to Dubai International Airport. The entire construction work will take about 23 months to complete.
Meydan One Mall is one of the biggest contracts the Italian builder received in this financial year. Last June, the company partnered with Turkey’s Limak Holding to win a $1 billion infrastructure contract for the new South Al Mutlaa city project in Kuwait planned to build 30,000 new homes. Also, Salini’s subsidiary Lane Construction Corp has landed a $125m contract at Al Maktoum International Airport in a joint partnership.
Pietro Salini, Chief Executive at Salini Impregilo, speaks on the upcoming opportunities in emerging markets coming through the growth of new megacities.
“The quick pace of urbanisation is obviously creating demand for infrastructure. So much has to be done in these parts of the world that it stands to account for about 60 per cent of the total construction volume by 2025.”