India’s AIPL is looking for joint venture partners to provide land for a real estate project in Dubai.
The project, which would generate nearly 4,000 jobs, was scheduled for two-phased delivery in 2015 and 2016, says the main investor.
Tanmia initiative was launched in 2011 to restart on-hold projects in Dubai and so far has revived many projects worth billion dollars, says a senior official.
The project’s Phase 2 involves construction of two additional berths in the basin area, says the unnamed source.
Dubai-based Al Barari Firm Management plans major investments in a new six-star resort boutique hotel and a floating market for Al Barari - Phase 2, a senior company official told Zawya Projects.
Dubai-based Jumeirah Golf Estates will tender the construction of thje $77 million (285 million dirhams) townhouse project Redwood Park by early next year, according to a senior company executive.
The schools will have high quality education and will be developed through public-private partnership, said a senior government official.
Downtown Jebel Ali is a USD 13 billion mixed-use residential and business district located between Jebel Ali Free Zone and Al Maktoum International Airport, developed by Limitless.
The government is planning to create a national contracting council to devise a development strategy for small contractors.
The project, which also includes the construction of 615000-bpd Al Zour refinery in southern Kuwait, will increase the country’s refining production to around 1.4 million bpd.