Majid Al Futtaim Retail Mall

The client is one of the largest retail developers within the Middle East and consequently holds very high standards in the design and operations of their malls. Their core objective is to provide a quality shopping experience for their customers, whilst maintaining cost effective budgets on their projects. This mall is the client’s first venture into the Saudi real estate market, with a view to expand their brand further across the Middle Eastern market. Linesight has considerable experience in developing exceptional retail facilities, and has a deep understanding of the challenges within the Saudi construction market. For this reason, the client chose to engage the services of our team for this project.

Benchmarking and previous experience driving value engineering

We are providing full pre- and post-contract services, from initial cost advice at master-planning stage onwards, and managing all cost control during construction including change management once we go to site. Early engagement with the development team was key, in order to ascertain their expected return, and develop a program that optimizes the available budget. Rather than providing broad cost per square meter rates, we consistently strive to develop detailed estimates that are based on historic data and previous experiences from previous projects. Therefore, our experienced team was in a position to provide local and international benchmarking reports, and have driven the value engineering with the client’s investment and development teams, along with examining various procurement strategies and contract procedures.

Reducing the budget to maximize return on investment

We have achieved a reduced budget while still maintaining the highest quality standards
Considerable value engineering at all stages of design has allowed for maximization of return on investment

Adapting for a challenging market

Rental prices in Saudi Arabia have dropped significantly in the last 12 months, due to the declining oil prices and reduction in customer spend, which has brought about significant challenges
Our team have been tasked with coming up with achieving further savings by coming up with cost-saving initiatives, without sacrificing quality

Data

340,000 sq.m

Size

Relevant Projects

Americas • Commercial Fit-out and Corporate Interiors

WTW Offices Fit-Out in Alabama and Maryland

Linesight provided Project Management and Cost Management services to complete the fit-out of conferencing spaces.

Americas • Commercial Fit-out and Corporate Interiors

Corporate Fitout for a Prominent Financial Institution

Linesight provided Cost Management services to a sector-leading financial institution for a 225,000 sq. ft. office renovation and corporate fit-out project.

Americas • Food and Beverage

Ground-up construction of one of the largest distilleries in North America

Linesight is providing Cost Management services for the construction of a prominent tequila distillery campus in North America, spanning a vast 2.4 million square feet. The distillery itself will cover over 545,000 square feet, positioning it among the largest tequila distilleries in North America.

Americas • Commercial Fit-out and Corporate Interiors

Ground-up Office Construction for a Sector-Leading Financial Institution

Linesight provided Cost Management and Project Controls services to a confidential financial client on their ground-up construction venture spanning 540,000 sq.ft., which includes over 5,000 multi-level parking spaces.

Americas • Data Centers

Central Managed Services for a Hyperscale Data Center Program, Americas

Linesight is supporting the delivery of a hyperscale data center program across the Americas for a confidential technology client.