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Sat 15 Dec 2007 12:00 AM

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Luxury Resort contracts awarded by Al Osaimi

Kuwait-based developer Al Osaimi Group has awarded several contracts for the construction and enabling works, project management and project consultancy of its US $272 million (AED1 billion) Luxury Resort, Spa and Residence project located on the crescent of the Palm Jumeirah.

Kuwait-based developer Al Osaimi Group has awarded several contracts for the construction and enabling works, project management and project consultancy of its US $272 million (AED1 billion) Luxury Resort, Spa and Residence project located on the crescent of the Palm Jumeirah.

APCC has been awarded the $6.5 million contract for the enabling works, while Projacs will undertake project management and Khatib and Alami project contracting consultancy services and landscape design.

The project will span 95,000m2 of land and is expected to be completed in 2010.

Enabling work is expected to start this week and will be completed in June next year.

The developer has also announced that it is currently in the final stages of the Escrow registration process, in compliance with the regulations outlined by the Dubai Land Department and in preparation for the launch date early next year.

The project will be made up of a seven-star hotel, a five-star resort and residential complex with 178 townhouses and penthouses, and a dozen chalets.

Al Osaimi Group has delivered major projects in Kuwait and across the region including residential, commercial, retail and hospitality developments.
The company's portfolio covers project development, real estate investment, construction and engineering performed by the group's flagship company, Oriental Constructions.

The subsidiary firm, which has spearheaded over 15 projects, is handling the group's development on the Palm Jumeirah.

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