Dubai Maritime City: DP World makes major progress in residential, commercial development

The first phase infra works are expected to be completed in the first quarter of 2021

  
DP World announces the overall completion of 70% of the AED140m road and infrastructure works within Phase I of the residential and commercial development at Dubai Maritime City. Project completion expected in the Q1, 2021. Image courtesy Dubai Media Office Twitter handle.

DP World announces the overall completion of 70% of the AED140m road and infrastructure works within Phase I of the residential and commercial development at Dubai Maritime City. Project completion expected in the Q1, 2021. Image courtesy Dubai Media Office Twitter handle.

DP World, the Dubai-headquartered global provider of smart logistics solutions, has announced the completion of 70 percent of the AED140 million road and infrastructure works within Phase I of the residential and commercial development at Dubai Maritime City (DMC).

Works that have been completed include all underground services on Sheikh Rashid Road, one of the project’s main arteries providing access to the sub-developer plots located alongside the seaside corniche area, road infrastructure and illumination, DP World said in a statement.

The first phase infra works are expected to be completed in the first quarter of 2021, the statement said.

Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO, said: “The completion of 70 percent of Phase I of the residential and commercial development as scheduled is a source of pride for all of those who have worked on this important project at Dubai Maritime City. Teams have been able to execute their tasks in a timely manner despite the unprecedented challenges associated with COVID-19 restrictions and precautions”.

Located on a man-made peninsula, Dubai Maritime City is the world’s first purpose-build maritime centre focusing on corporate, industrial, commercial and leisure requirements of the maritime sector.

Other parts of the infrastructure work advanced during this period include the completion of approximately 90 percent of deep sewerage and drainage services, and around 80 percent progress on the potable water, fire, irrigation and telecom networks for the overall development. Works currently under execution include the main pump stations, water storage and discharge points.

The Infrastructure Phase 1 integrates DMC with the Mina Rashid area (P & O Marinas) that includes Marina views, Marina Cubes, Marinas, and other commercial and residential facilities. Other phases that will follow include Phase II for the Industrial Precinct (in 2023) and Phase III and Phase IV for the Commercial Precinct.

(Writing by Seban Scaria; editing by Anoop Menon)

(seban.scaria@refinitiv.com)

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© ZAWYA 2020

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