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IMKAN brings in Ramboll on AED 2 billion first-phase of ‘Makers District’ - the new heart of Abu Dhabi.

8 February 2018.

- AED120 million consultancy contract is one of largest in UAE this year

Dubai, September 12, 2017: IMKAN, the real estate developer, has appointed Ramboll, a leading global engineering, design and environmental consultancy firm, as Lead Consultant for the first phase of its ‘Makers District’ development. The AED120 million contract marks the official launch of Makers District, an 18-hectare masterplan development on Reem Island, Abu Dhabi designed as a waterfront community that cultivates creativity through residential, hospitality, commercial and retail space. Makers District will address a currently underserved demographic in Abu Dhabi with an aim to become the City’s new heart.

Ramboll will provide lead consultancy services on the first phase of Makers District, working alongside international Architects, BIG and MVRDV. With over 1,000 residential units, 11,000 square metres of commercial and retail space and a construction value of AED 2 billion, the scheme is scheduled for completion in 2020. The first units will go on sale by the end of 2017. Design of the ‘The Artery’, the first building to be launched in Makers District, was awarded to BIG, an architectural design firm based out of Copenhagen and New York, in April 2017. Commenting on the announcement, Walid El Hindi, CEO of IMKAN, said: “We are delighted to appoint Ramboll as the lead consultant for the first phase of Makers District. This is testament to our approach of entering partnerships with global firms with a proven track record in delivering truly outstanding projects.

“Makers District is the first development of its kind in the region. We conducted extensive research on the needs and aspirations of young, highly networked and creative workers who currently have a limited choice in where they live and work. Makers District is a community that fills this gap whilst responding to the rise of the maker movement - a global social movement with an artisan spirit. With a vibrant hub, it will become the new beating heart of Abu Dhabi and will herald a new type of real estate development that will benefit end-users, investors and the wider community.”

Makers District is the inaugural development for IMKAN, the Abu Dhabi-based developer with multi-billion dirham development portfolio spanning four continents. Formed in 2017, IMKAN uses a unique research platform and ideology to create soulful places that enrich peoples’ lives.

Walid El Hindi, CEO of IMKAN added: “IMKAN is the first developer in the region to build a research platform in-house. We have brought together the brightest minds in design, research, real estate development and architecture. Combined with our growing number of partners from a range of disciplines and geographies, we aim to create

places that are tailored to specific groups, yet reflect the best standards in building and design anywhere in the world.”

With projects planned in the Middle East, North Africa, Asia and Europe, IMKAN is set to redefine the model for real estate development.

-ENDS-

About IMKAN

IMKAN is an Abu Dhabi-based real estate developer with a multi-billion dirham development portfolio spanning four continents.

At the centre of IMKAN’s proposition is a unique research platform and ideology. By exploring and understanding the needs and desires of emerging and currently underserved communities, IMKAN aims to create soulful places that truly enrich peoples’ lives.

In creating places that instinctively appeal to defined groups, IMKAN’s approach will also drive value for its stakeholders.

From its headquarters in Abu Dhabi, IMKAN designs and builds projects around distinct user profiles. From millennials to discerning high net worth individuals, IMKAN creates places that are in tune with the mindset of each profile.

IMKAN is a subsidiary of Abu Dhabi Capital Group (ADCG)

About Ramboll

Ramboll is a leading engineering, design, environmental and consultancy company founded in Denmark in 1945. The company employs more than 13,000 people globally and has especially strong representation in the Nordics, UK, North America, Continental Europe, Middle East and Asia-Pacific.

With 300 offices in 35 countries, Ramboll combines local experience with a global knowledgebase constantly striving to achieve inspiring and exacting solutions that make a genuine difference to our clients, the end-users, and society at large.

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