Nakheel awards $40mn Dragon City contract

Al Ghurair Contracting & Engineering Works has landed a AED 117.5mn ($40mn) contract with Nakheel to construct a new showroom complex at Dragon City in Dubai.

The retail centre will have 18 showrooms and a multi-storey car park for 900 vehicles.

Construction of the showrooms will begin in two months’ time with completion set for the fourth quarter of 2018, Nakheel said in a statement. All of the 118,000 sq ft of leasing space has already been booked.

Dragon City is undergoing extensive expansion in the form of new retail, hospitality and residential components that, when complete, will bring the size of the development to 11 million sq ft.

Its first hotel opened in February, with a construction tender for a second announced earlier this week.

Nakheel is also building a twin-tower apartment complex with 1,120 units at Dragon City.