01 November 2017

Master developer Nakheel has awarded a Dh165-million ($44 million) contract to the UAE-based APCC Piling and Contracting for the construction of six marinas in Deira Islands that can accommodate 614 boats and 60-m-long yachts.

Construction will begin in the fourth quarter of 2017, with phased delivery over two years, said the company.

With the awarding of this contract, Nakheel’s total investment in the infrastructure and construction work at Deira Islands has risen to more than Dh7.5 billion ($2.04 billion)

In August, Nakheel had confirmed new deals worth Dh430 million ($117 million) for Deira Islands, and in April announced a contract for Dh4.2 billion ($1.14 billion) to build Deira Mall, located at the heart of the development.

Speaking at the signing ceremony, Nakheel chairman Ali Rashid Lootah said: “We are investing billions of dirhams to deliver Deira Islands and transform Deira district into a world-class hub for tourism, retail, leisure and entertainment.

“Our new coastal city, being developed in line with the Government of Dubai’s vision for 2021, paves the way for hundreds of hotels, residences and attractions, many of which we are developing ourselves under our business diversification strategy.”

Deira Islands, which will have a population of 250,000 and create 80,000 jobs, will add 40 km, including 21 km of beach, to Dubai’s coastline.

Nakheel, one of the world’s leading developers, has more than 24,000 residential units under construction or in the pipeline.

• Azizi plans $6.8bn ‘British’ community
• New $735m free zone announced
• Al Ghurair unveils $1.36bn developments
• Green building rating on way
• In Brief
• NFT clients witness Potain’s prowess
• Mars Science City launched
• Deira Islands marina deal awarded
• Merc-Benz testing facility opens
• Transgulf Cement grows with Masa expertise
• Towers mark milestone

Tags

Northern Emirates The Big 5 Hotels & Palaces Waterproofing Crushers Paints & Coatings Regional News Saudi Focus UAE Focus Events Diary of Events Legally Bound Real Estate Contractors Interiors Tenders Editorial Calendar 2017 Manufacturers & Procurement

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.