Pearl enabling award soon
by This email address is being protected from spam bots, you need Javascript enabled to view it on Saturday, 15 December 2007
The enabling package on the Dubai Pearl Towers, which is part of the Pearl Dubai development, is expected to be awarded this month.
The main construction package will be awarded early next year. Germany's Schweger Associates and Australia's CK Design Works are the architects on the project.
Speaking to Construction Week, Lawrence Elms, principal, project development, Dubai Pearl said: "Construction on the project will start this month after we award the enabling and mobilisation works contract. The tenders have been sent and we're just waiting to take a decision now.
"As for the main construction job, we're in negotiations with a very select few local and international companies. We have divided the contract into three parts including the structure, services and finishes."
Pearl Dubai, a consortium of investors led by the Al Fahim Group, has taken over and repositioned the US $3 billion (AED10 billion) Dubai Pearl.
The project, whose blueprint has seen a signficant change, was originally conceived by Omnix Group in 2002.
Located within the Dubai Media and Technology Free Zone (Tecom) and overlooking Palm Jumeirah, the project will now be developed with a built-up area of more than 1.4 million m2.
"This is the last of the Tecom land to go and Dubai Pearl will be built into an integrated, mixed-use, sustainable development with all key components located within 400m of each other," said Abdul Majeed Al Fahim, chairman of Board of Directors, Pearl Dubai.
The project is expected to be completed by December 2010.
Although Al Fahim Group has several major investments in the UAE, this will be its first major property development project in the region.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST CONSTRUCTION & INDUSTRY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST CONSTRUCTION & INDUSTRY
LATEST MIDDLE EAST BUSINESS NEWS
- Media & Marketing: Dubai developers see negative press reports decline
- Transportation: Kuwait to allocate Iran port to boost trade
- Retail: Sunseeker ME announces regional expansion plans
- Banking & Finance: Emirates NBD has $350m Saudi exposure - chief
- Politics & Economics: Dubai population grows 1.9% in Q2
SHARE PRICE CHECK
RELATED STORIES
Al Fahim Group
- Media company launches ops in UAE, Qatar, Oman
15 Oct '09 | News - Retail group to open new shops, close others
7 Jun '09 | News - World's largest Mercedes Benz HQ set for UAE
5 Nov '08 | News
Omnix Intl LLC
- Autodesk designs channel strategy for KSA growth
26 Aug '09 | News - Software star
13 Mar '09 | Features - Omnix wins AED 1 million CAD project
10 Nov '08 | News




