HLG wins $395m Jewel of the Creek contract
Manama, May 29, 2014
Habtoor Leighton Group (HLG), a leading provider of construction and contracting services in the Mena region, has won a Dh1.45 billion ($395 million) contract from Dubai International Real Estate (DIRE) to deliver Package #8 of its Jewel of the Creek mixed-use project in Dubai.
The contract forms a part of the Dh3 billion Jewel of the Creek development, which HLG has worked on since 2012 to construct and complete the susbstructure works for four basement levels and ground floor slabs on the waterside site between Al Maktoum Bridge, Baniyas Road and the Floating Bridge.
The scope of works for this contract includes the construction and completion of five hospitality buildings ranging between 15 and 19 floors, featuring a hotel and serviced apartments; a ballroom with an attached café; a marina, including four foot bridges and one vehicular bridge; and hard and soft landscaping works.
José Antonio López-Monís, CEO and managing director of HLG, said: “We are pleased to have been selected as DIRE’s contractor of choice, and are proud to continue our partnership with DIRE on this landmark project.
Khalil Al Sayegh of DIRE, said: “We are confident that this landmark development will be a great success and we are pleased to again partner with HLG as our preferred contractor to deliver our innovative plans.”
The construction works on Package #8 are scheduled to commence in the third quarter of this year and is targeted completion is in the third quarter of 2017. - TradeArabia News Service
