Dubai International Real Estate (DIRE) has signed a contract with Habtoor Leighton Group (HLG) for the AED 480 million (USD 130 million) Package #7 of the “Jewel of the Creek” development in Port Saeed, Dubai, UAE.
HLG’s contract involves the construction and completion of the substructure works for four basement levels and ground floor slabs on the waterside site between Al Maktoum Bridge, Baniyas Road and the Floating Bridge. The plot area is 123,955 square metres.
Package #7 forms part of the AED 3 billion “Jewel of the Creek” development. When complete it will be a multi-use development which includes four and five star hotels, furnished service apartments, a convention centre, a ballroom, office buildings, residential buildings, a marina and landscaping.
The site has already been fully excavated and piled and HLG’s scope of work includes:
The signing of the project was attended by H.E Khalil Al Sayegh of DIRE, Mr. Riad T. Sadik and Mr. Laurie Voyer of HLG, and representatives of the Kling Consult and Kieferle Partnership (KCKP).
H.E Khalil Al Sayegh stated that the project will set a benchmark for future DIRE developments and that it will be one of the much sought after addresses in Dubai.
HLG Chairman Riad T. Sadik welcomed the new project to HLG’s project portfolio and said, “We are confident that this landmark development will be a great success.”
HLG CEO and Managing Director Laurie Voyer commented on the signing saying, “The award of the project demonstrates that HLG has an established reputation and is a preferred contractor by major clients in the Dubai market.”
Construction works on Package #7 have already begun and completion is expected in August 2013.
Habtoor Leighton Group
M: +971 (0)50 654 9415