HLG awards ‘Jewel of the Creek’ contract

Dubai International Real Estate (DIRE) has signed a Dh480 million ($130 million) contract with Habtoor Leighton Group (HLG) for the “Jewel of the Creek” development in Port Saeed, Dubai.

HLG’s contract involves the construction and completion of the substructure works for four basement levels and ground floor slabs on the waterside site between Al Maktoum Bridge, Baniyas Road and the Floating Bridge. The plot area is 123,955 square metres.

A part of the Dh3-billion “Jewel of the Creek” development, on completion it will be a multi-use development which includes four and five star hotels, furnished service apartments, a convention centre, a ballroom, office buildings, residential buildings, a marina and landscaping.

Construction works have already begun and completion is expected in August 2013.

The site has already been fully excavated and piled and HLG’s scope of work includes construction of all rafts and four-level basement slabs; construction of the project’s ground floor slab; embedded MEP works (first fix); miscellaneous earthworks, re-anchoring of diaphragm walls, pile cutting and trimming, waterproofing works and reinforced concrete works.

The signing of the project was attended by Khalil Al Sayegh of DIRE, Riad T. Sadik and Laurie Voyer of HLG, and representatives of the Kling Consult and Kieferle Partnership (KCKP).

Khalil Al Sayegh stated that the project will set a benchmark for future DIRE developments and that it will be one of the much sought after addresses in Dubai.

HLG Chairman Riad T. Sadik welcomed the new project to HLG’s project portfolio and said: “We are confident that this landmark development will be a great success.”

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