Nakheel signs new Deira Is­lands con­tracts

The National - News - - BUSINESS -

Real es­tate devel­oper Nakheel has signed a Dh165 mil­lion con­tract for the con­struc­tion of six mari­nas at Deira Is­lands, bring­ing the to­tal amount of con­tracts awarded to Dh7.5 bil­lion. The new con­tract, signed with APCC Pil­ing and Con­tract­ing of the UAE, is for the con­struc­tion of mari­nas that will ac­com­mo­date 614 boats and yachts up to 60 me­tres long. Con­struc­tion will be­gin in Q4 2017, with phased de­liv­ery over two years. Deira Is­lands, which will have a pop­u­la­tion of 250,000 and cre­ate 80,000 jobs, will add 40km, in­clud­ing 21km of beach, to Dubai’s coast­line.

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