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Sat 29 Feb 2020 11:26 AM

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Dubai Maritime City says construction of $38m commercial precinct 'on track'

Infrastructure works for commercial precinct - which will consist of retail, residential, office towers and a promenade - set for early 2021 completion

Dubai Maritime City says construction of $38m commercial precinct 'on track'

Dubai Maritime City.

Dubai Maritime City (DMC) said on Saturday it has completed more than 25 percent of phase 1 infrastructure for its AED140 million ($38.1 million) commercial development.

The infrastructure works for the commercial precinct - which will consist of retail, residential, office towers and a promenade - are expected to be finished in the first quarter of 2021.

Phase 1 will integrate DMC with the Mina Rashid area that includes the QE2 Hotel, Marina Fitness 72 and other commercial and residential facilities.

DMC said in a statement that the works will prepare the site to become a hub for maritime services bolstering Dubai's already strong position.

The infrastructure works includes main and secondary road networks, public parking areas for 340 units, energy-efficient street lighting, potable water and sewage networks, drainage, firefighting and irrigation networks, telecom connectivity, a pump station and maintenance of existing services.

Sultan Ahmed Bin Sulayem, DP World Group chairman and CEO, said: "The progress made in the development of phase 1 is significant, highlighting DMC's commitment to create upgraded facilities and services for existing and potential customers."

"This project is expected to provide DMC with an efficient and sustainable infrastructure to support a modern community. Works are on target and will enable the vision of our sub-developers in a timely manner," added Mohammed Al Muallem, CEO and managing director, DP World - UAE Region.

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