Al Shafar to build 300 homes in Dubai

UAE-based Al Shafar Transport and Contracting Co has been awarded a 600 million-dirham ($163.4 million) contract by Nakheel for the construction of 300 houses in Dubai, it was announced on Tuesday.

Nakheel said in a statement that Al Shafar Transport and Contracting, part of the Al Shafar Group, would build the houses in its Al Furjan development in Jebel Ali.

The developer said construction would start in the third quarter, with the handover of the first residences expected to be in the third quarter of 2010.

Nakheel, part of state-owned conglomerate Dubai World, said last week it had awarded Arabtec a contract to build Al Furjan's first 1,500 houses. The development will have more than 4,000 homes once complete.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Cash crunch at Saudi firm casts shadow over Lebanon's Hariris

Cash crunch at Saudi firm casts shadow over Lebanon's Hariris

The troubles at Saudi Oger have led to a cash crunch and layoffs...

Abandoned in Saudi desert camps, migrant workers won't leave without pay

Abandoned in Saudi desert camps, migrant workers won't leave without pay

Plight of workers has alarmed their home countries and drawn...

4
Are the troubles easing for Saudi construction giant Binladin?

Are the troubles easing for Saudi construction giant Binladin?

Gulf kingdom's biggest builder appears to have pulled back from...

Most Discussed
sponsoredTracking