Dubai, 5 February 2014: Dubai developer Nakheel has awarded a contract worth almost AED375 million to Gulf Technical Construction Company (GTCC) to build The Pointe at Palm Jumeirah.
Nakheel expects GTCC - a subsidiary of Drake & Scull - to mobilise before the end of this month.
The Pointe - Nakheel's AED800 million, 136,000 square metre retail and entertainment complex - will be located at the tip of Palm Jumeirah, opposite Atlantis, and is due for completion in 2016. The project includes a diverse range of shopping, dining and entertainment facilities, including a spectacular fountain display.
The Pointe will be accessible via The Palm Monorail system, which will soon be connected to the mainland tram system, while water taxis will shuttle visitors across the bay from nearby hotels directly to The Pointe's marina.
The Pointe is one of several new Nakheel developments underway at Palm Jumeirah. Others include Nakheel Mall and Hotel, The Boardwalk and Palm West Beach.
About Nakheel:
Nakheel is one of the world's leading developers and a key player in realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism. Nakheel has delivered - and continues to enhance - an iconic portfolio of innovative landmark projects in Dubai across a range of sectors including residential, commercial and leisure.
Nakheel's current portfolio of developments in Dubai includes Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village and International City. Together, these span nearly 14,000 hectares and provide homes for more than 130,000 people. Retail developments include Dragon Mart, Ibn Battuta Mall, Nakheel Mall and Hotel, The Pointe at Palm Jumeirah and a growing number of neighbourhood malls. Nakheel is also developing hotels at Palm Jumeirah, Deira Islands, Ibn Battuta and Dragon Mart.
© Press Release 2014
