Dhabi Contracting wins Wadi Walk contract
Dubai, July 12, 2009
Dhabi Contracting has been appointed the main contractor for Wadi Walk, a key component of Dubai's City of Arabia.
City of Arabia is a $5 billion retail, residential, commercial and entertainment destination within the Dubailand development.
Ilyas and Mustafa Galadari Group, the owners of City of Arabia, awarded the contract to Dhabi Contracting to build the city’s Mediterranean style low-rise apartments and waterfront community, following competitive bidding.
With soil testing, excavation and shoring works already complete, Dhabi Contracting is now mobilising on site, and is commencing foundation works for Wadi Walk.
Ilyas Galadari, chairman of the Ilyas and Mustafa Galadari Group, said: “We are excited to announce Dhabi Contracting as the main contractor for Wadi Walk. We are confident with our decision as they are a skilled team who will deliver the project at the highest standard.”
Mustafa Galadari, vice chairman and managing director of Ilyas and Mustafa Galadari Group, said: “We already have an excellent relationship with Dhabi Contracting, in their role as the main contractor on site for Mall of Arabia, which is progressing well, and we are looking forward to strengthening our business links.”
Sami Edwards, managing director of Dhabi Contracting, said: “With around 1,000 workers and 40 engineers on site for Mall of Arabia, we have now introduced approximately 500 more to build Wadi Walk.”
“This contract agreement is a continuation of our relationship with the Ilyas and Mustafa Galadari Group, and we are all excited to see Wadi Walk come to life.”
Wadi Walk, a vibrant waterfront community set along a meandering 8-km canal, will provide residents and visitors with a huge range of retail outlets, cafes and restaurants, and ample space to stroll and relax.
Acting as the focal point of the development, the canal will be kept to a deep blue colour and will maintain pristine quality by 11 water filtration plants sunk within the basement. Visitors will be able to cruise the waterway aboard fleets of water taxis, which are electronically powered to eliminate noise and pollution, and can travel the canal from Wadi Walk to Mall of Arabia.
The development is also designed to restrict traffic flow, with cars and other vehicles diverted to the rear of the apartment buildings where there will be ample car parking for residents, shoppers and diners.
Visitors arriving via the Dubai Metro can transfer quickly to City of Arabia’s own monorail system, for a short onward journey to other destinations within City of Arabia. – TradeArabia News Service
More Construction & Real Estate Stories
- Work to start on Bahrain beach project
- Damac launches luxury apartments at Expo site
- Kuwaitis top GCC property buyers in Oman
- Rubber World to showcase at Big 5 Saudi
- Tool to help create effective property listings
- 'Smart' move by Dubai Design District
- Drake unit wins $13m contract in India
- Solar-powered cleaning boats launched in Sharjah
- $27m Expo Hotel Sharjah deal signed
- Arabtec unit wins $282m Emaar contract
- Abu Dhabi to host pool & spa expo
- ADCM unit secures $213m bridging loan
- Cluttons Dubai launches new luxury apartments
- Dubai developer Damac profits triple to $641m
- Dubai to start work on $544m water canal
- Dubai property market can absorb 25,000 units
- Jones Lang LaSalle renamed 'JLL'
- Aldar raises synergy estimate from Sorouh merger
- UAE industrial property sector keeps up growth
- Dubai residential property prices up 26pc
- Majid Al Futtaim to build new mall in Dubai IMPZ
- 300 firms to take part in Dubai property forum
- Naseej inks deal to develop Bahrain projects
- Dadabhai unveils new residential project
- Flowcrete completes Dubai Mall project
- Global asphalt demand hits new high
- $1.3bn infrastructure investment firm set up in Saudi
- Manara sees big project villa success
- Global giants eye RAK utility projects
- Cayan partners with international artist Zsuzsanna