Pearl Dubai, a consortium of investors led by Al Fahim Group, on Wednesday awarded a Dh305 million ($83 million) contract to Al Habtoor STFA Soil Group (HSSG), to carry out enabling works on the Dubai Pearl project.

The project is taking shape within the Dubai Technology and Media Free zone (TECOM), overlooking the Palm Jumeriah development.

Selected out of 15 bidders, HSSG will handle all aspects related to site grading, mobilization shoring, earthwork, excavation, dewatering, piling work and testing. It will complete the enabling works by December 2008.

Abdul Majeed Al Fahim, chairman of Pearl Dubai said the company was looking forward to a fruitful collaboration with HSSG on the ambitious venture, which is fast achieving fruition as a landmark development within the free zone cluster. HSSG has the necessary expertise and a successful track record in handling prestigious projects of such magnitude.

“The awarding of the contract takes the project to its crucial stage, marking the onset of laying foundation works. The project will stand testimony to our commitment to building a ‘living city’ with open spaces that optimize sustainability.”

To date, Al Habtoor STFA Soil Group has executed major projects related to piled and sheet-piled jetties, piled bridges, aqueducts, ferry terminals, soil improvement, retaining systems, and soil investigation in 16 countries across the world.

Ercan Karadede, HSSG managing director, said: “Adopting the highest quality standards, HSSG will ensure the enabling works at Dubai Pearl reflect our project excellence. In addition, we will carry out the works within the stipulated timeframe, illustrating once again our emphasis on delivery schedules.”

Highlighting the project’s remarkable features, Ali BuRuhaima, chief officer asset development zoning authority, Tecom, said: “Dubai Pearl is a prime location and will be one of the most ground breaking developments in the region. While catering to corporate entities as well as residential and hospitality sectors, it will complement the overall offering of the Tecom clusters.”

Expected to be completed by December 2010, Dubai Pearl will have a built up area of more than 15 million square feet, combining an active business district with a quality urban lifestyle, and offering easy access to premium commercial and residential areas such as Dubai Media City and Dubai Internet City, as well as the Palm Jumeirah.-TradeArabia News Service