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Nakheel to invest Dh7.5b in Deira Islands
(MENAFN) More than Dh7.5 billion investment in infrastructure and construction at Deira Islands by Nakheel.
A contract deal was signed this week by master developer Nakheel for Dh165 million to build six marinas at Deira Islands.
Nakheel has chosen UAE-based APCC Piling and Contracting LLC to construct the marinas, which will provide a total of 614 boats and yachts up to 60 metres long.
Nakheel approved new contracts worth Dh430 for Deira Islands in August, and in April, it announced a contract for Dh4.2 billion to build Deira Mall, located at the heart of the development.
Nakheel Chairman Ali Rashid Lootah said at the signing ceremony: "We are investing billions of dirhams to deliver Deira Islands and transform Dubai's Deira district into a world class hub for tourism, retail, leisure and entertainment".
And added, "Our new coastal city, being developed in line with the Government of Dubai's vision for 2021, paves the way for hundreds of hotels, residences and attractions, many of which we are developing ourselves under our business diversification strategy".
A contract deal was signed this week by master developer Nakheel for Dh165 million to build six marinas at Deira Islands.
Nakheel has chosen UAE-based APCC Piling and Contracting LLC to construct the marinas, which will provide a total of 614 boats and yachts up to 60 metres long.
Nakheel approved new contracts worth Dh430 for Deira Islands in August, and in April, it announced a contract for Dh4.2 billion to build Deira Mall, located at the heart of the development.
Nakheel Chairman Ali Rashid Lootah said at the signing ceremony: "We are investing billions of dirhams to deliver Deira Islands and transform Dubai's Deira district into a world class hub for tourism, retail, leisure and entertainment".
And added, "Our new coastal city, being developed in line with the Government of Dubai's vision for 2021, paves the way for hundreds of hotels, residences and attractions, many of which we are developing ourselves under our business diversification strategy".
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