Interserve Share News (IRV)

(ShareCast News) - Interserve announced on Wednesday that its construction joint venture Khansaheb has been awarded an £81m contract by Middle East developer Majid Al Futtaim, to expand and upgrade the City Centre Ajman mall in the United Arab Emirates.The London-listed firm said that under the contract, Khansaheb will more than double the size of the existing mall from 32,000 square metres to 70,000 square metres, expand a number of retails units and build a new car park, creating 2,400 new parking spaces.The contract also includes the addition of new mechanical and electrical installations to serve the expanded mall, the creation of new walkways, food courts, offices and a children's entertainment venue.It also covers exterior landscaping work and the re-configuration of access roads leading to the mall."This contract win demonstrates Majid Al Futtaim Group's ongoing confidence in Khansaheb's capabilities in the retail sector, as it closely follows the successful expansion of Dubai's premier shopping centre, Mall of the Emirates," said chief executive Steve Flint.Interserve said the project will be delivered in a number of phases to enable the existing mall and facilities to remain fully functional and open to the public.The project has commenced and is expected to be completed by July 2018.