Contract signed for Port Rashid dredging

13 July 2008
Local developer Nakheel has awarded the AED2.2bn ($600m) reclamation contract for its Port Rashid development to the joint venture of Belgium’s Dredging International and Royal Boskalis Westminster of the Netherlands.

The two-and-a-half-year contract involves dredging 86 million cubic metres of sand to form 540 hectares of new land, and the construction of a breakwater and shore protection.

The overall Port Rashid development will be about 760 hectares in size, of which about 600 hectares will be reclaimed. It includes residential, office and commercial development, and will have 17.5 kilometres of waterfront. Once completed, it is expected to house 225,000 people.

It will also include a range of community facilities including schools, mosques, museums, parks, hospital and medical centre. It will also have a new cruise terminal (MEED 4:7:08).

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