December 18, 2017

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Nakheel awards four AED430mn worth of contracts for Deira Islands

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Master developer, Nakheel, has awarded four contracts, collectively worth more than AED430mn, for Deira Islands, its new, 15.3 sqkm waterfront city currently under construction in Dubai.

The contracts, covering islands A and B of the four-island development, are for a sewage treatment plant, a district cooling plant, a substation, and piling work for an 800-room resort. Nakheel has now invested nearly AED7.5bn in infrastructure and construction contracts for Deira Islands so far. More are due soon.

The latest contracts awards are AED228.3mn to VWS Emirates/Butec S.A.L (Dubai Branch) under a joint venture for the design, construction, and 10 years’ operation and maintenance of a sewage treatment plant; nearly AED100mn to Emirates District Cooling (Emicool) to build a district cooling plant for Nakheel’s Deira Islands Night Souk and nearby Nakheel buildings, with 10 years’ operation and maintenance; AED90.5mn for a 132/11kV substation to AG Power, covering the south island (Island A). Three other substations are already construction.
Deira Islands will have eight substations in total; and AED14.5mn to Delta Foundations (Dubai branch) for piling works for the 800-room RIU beach front resort, Nakheel’s joint venture hospitality project with Spain’s RIU Hotels and Resorts. A construction tender for the resort was issued in May, and is due to be awarded by the end of this
year.

With a diverse range of retail projects, resorts, hotels and residential developments, Deira Islands will transform Dubai’s Deira district into a hub for tourism, retail and entertainment. The waterfront city will add 40 km, including
21 km of beach, to Dubai’s coastline and pave the way for the development of hundreds of hotels, residences and attractions. Deira Islands is expected to have a population of 250,000 and to create 80,000 jobs.

In April, Nakheel awarded a construction contract worth AED4.2bn for Deira Mall, the centrepiece of Deira Islands and Dubai’s biggest shopping mall in terms of retail space. Meanwhile Deira Islands Night Souk, with more than 5,300 waterside shops and restaurants, is under construction and due to open in 2018.

 

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