Reem Mall in Abu Dhabi is scheduled to fully open this quarter or the next quarter, according to investor Agility.
The mall had a soft opening in February, with the opening of selected stores. A transcript of an Agility earnings call posted to Dubai Financial Market quoted chief financial officer Ehab Aziz, who said he expected the full opening to happen “in this quarter or the next”.
Mr Aziz said: “Despite the challenges in this sector, it is going to be a successful investment. It might not be our best investment, but definitely, this is going to be a successful investment.
“We can see now many investors are coming to the UAE. The UAE economy is doing extremely well and we are very optimistic.”
Construction on the mall, described as ‘The World’s First Omnichannel Mall’, was first reported in 2017.
The $1.2 billion (Dh4.4 billion) mega project is located on Abu Dhabi’s Reem Island.
The mall will be home to 450 shops and 85 restaurants with two million square feet of retail space.
The mall had been slated to open last year, according to previous Agility earnings calls reported by Zawya. The company also said previously that pre-opening leasing initiatives had been put on hold due to the pandemic.
