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01/10/2014 15:48 AST
Developer Nakheel has awarded a contract worth almost Dhs120 million for infrastructure work at its Al Furjan master community in Dubai.
The contract – with Dubai-based Target & Jima Construction Company – covers the construction of 16km of roads and the preparation of nearly 500 third party villa plots at the ever-growing community. Work is due to begin by the end of October 2014, with a planned 16 month completion timeline.
The contract is for work in Al Furjan Phase 2. Nakheel has already delivered 800 homes and is building 400 more in Phase 1, a thriving community with more than 2,500 residents.
Nakheel is also building a new, 10,000 square metre retail and recreation hub at Al Furjan. The centre, complete with supermarket, cafes, restaurants, shops, swimming pool, gym and sports courts, is due to open in March 2016. More than 70 per cent of retail space there is already booked.
Al Furjan is conveniently located between Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road, close to Ibn Battuta Mall.
AME Info
Ticker | Price | Volume |
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SABIC | 114.77 | 5,915,941 |
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