Master developer inks deal to develop six marinas at Deira Islands.
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.
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.
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© ZAWYA 2017