Nakheel awards Dh375 million contract
Dubai developer Nakheel has awarded a contract worth Dh375 million to Gulf Technical Construction Company (GTCC) to build The Pointe at Palm Jumeirah.
Nakheel expects GTCC – a subsidiary of Drake & Scull – to mobilise before the end of this month.
The Pointe – Nakheel’s Dh800 million, 136,000 square metre retail and entertainment complex – will be located at the tip of Palm Jumeirah, opposite Atlantis, and is due for completion in 2016. The project includes a diverse range of shopping, dining and entertainment facilities, including a fountain.
The Pointe will be accessible via The Palm Monorail system, which will soon be connected to the mainland tram system, while water taxis will shuttle visitors across the bay from nearby hotels directly to The Pointe’s marina.
The Pointe is one of several new Nakheel developments underway at Palm Jumeirah. Others include Nakheel Mall and Hotel, The Boardwalk and Palm West Beach.
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