Nakheel signs construction contracts for six marinas at Deira Islands

Nakheel

 

Dubai-based Nakheel has made an investment of over $2 billion in infrastructure and construction at Deira Islands, with the most recent $45 million contract having been signed this week.

Nakheel has appointed UAE-based APCC Piling and Contracting for the construction of six marinas, accommodating a total of 614 boats and yachts up to 60 metres long.

BIT 2018 18Oct-18Nov – 13 Feb18

Construction for the marinas is scheduled to commence in Q4 of 2017, with phased delivery over two years.

Chairman, Nakheel, Ali Rashid Lootah stated: “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. 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.”

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.