A joint venture of local developer Nakheel and Spain’s RIU Hotels & Resorts has awarded Saudi Binladin Group a AED385m ($105m) contract for the construction of an 800-room beachfront resort and water park at Deira Islands.
The resort has an investment value of AED670m and is set for delivery in 2019. It is located on a prime beachfront plot at Nakheel’s 15.3-square-kilometre Deira Islands coastal city. The resort features seven food and beverage outlets, three swimming pools, a fitness complex, a children’s club and a waterpark.
Nakheel says it has awarded more than AED8bn-worth of contracts at Deira Islands. Other projects being built on Deira Islands include Deira Mall, Deira Islands Night Souq and Deira Boulevard. The largest contract award was the AED4.2bn deal for Deira Mall secured by the local Unec last year.
|This article has been unlocked to allow non-subscribers to sample MEED’s content for FREE. MEED provides exclusive news, data and analysis about the Middle East every day. Subscribe to MEED to have full access to Middle East business intelligence. Click here|