23 July, 2019

Jubail Island developer awards marine works contract

Project on track to hand over plots by mid-2021

AED5 Billion Jubail Island launches in Abu Dhabi

AED5 Billion Jubail Island launches in Abu Dhabi

Jubail Island / Handout via Zawya

23 July 2019
Jubail Island Investment Company (JIIC), which is developing the five billion UAE dirhams ($1.2 billion) Jubail Island project in the Abu Dhabi emirate, announced on Tuesday that it has awarded marine works contract for the project to National Marine Dredging Company (NMDC).

JIIC said in a press statement that the contract value is worth more than 50 million dirhams ($13.6 million), and works on the eight-month-long marine channel package have already started.

The scope, according to the statement, comprises more than seven kilometres of widening and enhancing existing waterways, restoration of water circulation to previously stressed mangrove forests and planting of thousands of new mangrove trees to enhance the natural waterfront and biodiversity of Jubail Island overall.

In May 2019, JIIC appointed had appointed Gulf Contractors Company (GCC) to execute enabling works, which is scheduled for completion in January 2020.

The statement said the project is "on track to hand over plots as early as mid-2021," quoting Richard Russell, Chief Operations Officer of Lead Development, which is overseeing the development of Jubail Island.

The press statement noted that the 400-hectare master development will comprise a mix of serviced plots, high-end and mid-range properties, community facilities, an office park, retail and F&B outlets spread across six villages - Marfa Al Jubail, Nad Al Dhabi, Seef Al Jubail, Ain Al Maha, Souk Al Jubail and Bed'a Al Jubail.

The project will have Pearl rating under Abu Dhabi's Estidama sustainability certification system. the statement added.

(Writing by Madhura Deulgaonkar; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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