Dh1.2bn deal for Schön

Schön Properties has signed a Dh1.171 billion contract with Belhasa Engineering and Contracting Company (BHECC) to handle the construction of zones 3 and 6 of the mixed-use Dubai Lagoon Development.

The project is slated at Dh3bn. Site work is scheduled to begin in October 2008, with a projected completion date between the end of 2010 and beginning of 2011. BECC's remit will include all civil, architectural, construction and MEP works as well as air conditioning and service facilities, for a total of 17 buildings.

Asher H Schön, Vice President of Schön Properties said, "We have been in negotiations with a number of leading contractors for these next zones, but Belhasa Contracting and Engineering Company really stood out with a very impressive track record and highly professional attitude towards our requirements.

"We are looking forward to moving ahead on the project and working closely with BHECC."

BHECC General Manager, AG Abdul Azeem said, "The Dubai Lagoon is a very interesting project and one that we feel more than equipped to handle with our sturdy background in large-scale development on many varied projects.

"Building the skyline of new Dubai and delivering fantastic end-products to customers are two key drivers in our decision to sign with Schön Properties."

BHECC is one of Dubai's larger construction companies. The announcement follows recent news that Powerline Gulf has been maintained on the first two zones only, with site work for these zones currently mobilising to resume construction.