Construction activity at site of US$6bn project has been limited in recent months
Dubai's Pearl project faces a delay of two years from its original completion date of 2013, according to Zawya Dow Jones.
Construction activity at the site of the US$6bn project has been limited in recent months, and the project's senior site engineer Shahid Quereshi admitted that the project is still a long way from completion.
"As a result of the slow construction works, we only have been able to complete nine storeys of the total 75 scheduled for phase one," he said.
The Pearl is a 20m mixed-use scheme overlooking the Palm Jumeirah containing branded apartments retail and leisure, commercial offices and hospitality units. It is set to contain four towers based around a large podium and contain 1,490 apartments, seven five-star hotels including a Bellagio and an MGM, over 60 restaurants and a 1,800-seat theatre.
The project is being developed by Al Hashim Group and its main contractor is Habtoor Leighton Group. EC Harris is project manager.