Salini Impregilo has signed a $435m (AED1.6bn) contract with Meydan Group to build the Meydan One Mall.

The project will become the commercial centrepiece of the Meydan One urban development project, which is located between Meydan and Al Khail Road in Dubai.

According to the agreement, Salini Impregilo will prepare the area for development by overseeing the excavations and building of the sub- and super-structures for the complex, including the foundations for a ski slope and the concrete support for the steel structure above the mall.

The mall is the first of several phases to this urban development project, which will include a water canal, a recreational port, pedestrian and bicycle tracks, connectivity with two metro lines and one of the tallest residential buildings in the world.

Impregilo will begin the construction of Meydan Mall One this year and finish its part of the project within 23 months, ready for the commercial fit-out and subsequent phases of the project, which is scheduled to be completed ahead of Expo 2020.

Salini Impregilo, an Italian company and a leading global player in the infrastructure segment, has had a long presence in Dubai and the UAE. Other projects in its portfolio include the Ras Al Khor Interchange and Parallel Roads R 881 in Dubai, the Strategic Tunnel Enhancement Programme (STEP), and Sheikh Zayed Grand Mosque in Abu Dhabi.

The Meydan One Mall main contract is among $1.82bn worth of projects already awarded to Salini Impregilo this year.