Serco gets Trolley contract extension
Tanmiyat Global’s project, The Court Tower, is set to be the first structure to be handed over at the Dubai Water Canal development. The $300 million project is 80 per cent complete and is expected to be delivered to landlords in April 2017. The Court Tower will contain apartments, offices and retail units and is the only mixed-use building currently situated on the Canal. According to the RTA the Canal has reached the final phase of construction and phase one is set to open by the end of 2016. Mohammed Bin Odah, CEO of Tanmiyat Global, said: “The Court Tower is one of Tanmiyat’s most exciting projects. We have already sold 88 per cent of our units and we expect this to move to 100 per cent by the end of the year.” Emaar Properties has awarded a three-year contract extension to Serco to continue the management and maintenance of the Downtown Dubai Trolley System until 2019. Serco’s participation in the project began in August 2014 when engaged by Emaar Properties under an early operator involvement contract, giving advice on the system during the design phase. David J Greer, CEO Serco Middle East, said: “The Trolley is the first of its type in the Middle East and we are delighted to extend our partnership with Emaar.” The initial operation and maintenance contract was awarded to Serco in 2015 and has now been extended until 2019.