Mizin, a member of Tatweer, yesterday said that it was consolidating the construction of all phases of its Remraam community.
It will award the contract to the project's main contractor, Dubai Civil Engineering (DCE), which is already responsible for the construction of nearly 50 per cent of the community.
The amalgamation will allow Mizin to "leverage efficiencies in different areas" said the developer.
Ahmad Sharaf, CEO, Tatweer Investments, said: "The amalgamation of the construction contract bears testament to Mizin's commitment to maximising value and to delivering a high quality product to stakeholders within the scheduled timeframe. With the ongoing construction work on the Remraam community, the project is set for rapid progression towards its scheduled timeline completion."
Nashat Sahawneh, Chairman, DCE said: "We are happy with the confidence that Mizin has placed in DCE. The recent change in capacity will allow developers to seek further added value and we are fully committed to complete the project in line with Mizin's requirements and timeframes."
Mizin also announced that 65 per cent of the infrastructure works for the 23.5 million sq ft Remraam community has been completed, while excavation works for foundations of 82 per cent of the buildings have also been finished. In addition, 45 per cent of all buildings have had foundations poured and selected buildings have reached the sixth floor.
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