Swissboring, part of Italy's Trevi Group, has started work on the AED 52 million ($14 million) piling contract for the waterfront centre on the Dubai Festival City (DFC) development. The four-five-month contract calls for the sinking of about 3,000 piles. The award of the contract follows the completion of excavation work on the waterfront.
The client, the Al-Futtaim Group, has also recently appointed InterContinental Hotelsto manage a planned 500-room hotel on the 1,600-acre development, which will be located along the banks of the creek.
The hotel will cost an estimated AED 600 million ($163 million) and be complete in January 2007. Two other hotels are planned on DFC, which will be developed in 15 zones and require investment of $4,000 million over 10 years (MEED 15:11:02).
You might also like...
No extension for Dubai sewer tunnel prequalification
24 April 2024
Diriyah progresses Zallal Bujairi construction
24 April 2024
Kuwait announces oil project tenders worth $2.7bn
24 April 2024
Kuwait tenders gas export pipeline project
24 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
