Advertisement
| 12 October, 2017

Dubai's Nakheel awards $45mln deal for six marinas at Deira Islands

Nakheel investment in Deira Islands tops AED7.5 billion as developer inks deal for six marinas

Nakheel investment in Deira Islands tops AED7.5 billion as developer inks deal for six marinas

NAKHEEL/Handout via Thomson Reuters Zawya


Dubai-based developer Nakheel on Thursday announced it has awarded a contract worth 165 million UAE dirhams ($45 million) to UAE-based APCC Piling and Contracting to construct six marinas in the Deira Islands master development.

Construction will begin in fourth quarter of 2017 with phased delivery over two years, Nakheel said in a press statement.

The marinas will accommodate a total of 614 boats, and yachts up to 60 metres long, it added.



Master developer brings APCC on board with AED165 million construction contract. Image supplied by Nakheel.

Advertisement
According to the statement, the new contract award takes Nakheel’s total investment in the master development to more than 7.5 billion dirhams.

Deira Islands will add 40 kilometres, including 21 kilometres of beach to Dubai’s coastline.

For more data, analytics, tools and news on projects in the Middle East visit the Thomson Reuters Projects portal

© ZAWYA 2017