Dubai's 'Jewel of the Creek' taking shape

Work on Dubai’s ‘Jewel of the Creek’ mixed-use project is set to gather pace with the announcement of a new contract worth Dh1.45 billion.

The Habtoor Leighton Group (HLG) has been awarded the $395 million contract by Dubai International Real Estate (Dire) for the project in Port Saeed, Dubai.

This award forms part of the Dh3 billion Jewel of the Creek development, which HLG has worked on since 2012 when the group was appointed to construct and complete 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.

José Antonio López-Monís, CEO and Managing Director of HLG, said the contract is of great significance to HLG.

HLG’s scope of works involves the construction and completion of five hospitality buildings ranging between 15 and 19 floors, featuring a hotel and serviced apartments; a ballroom with an attached café; a marina including four foot bridges and one vehicular bridge; and hard and soft landscaping works.

Khalil Al Sayegh of Dire said: “We are confident that this landmark development will be a great success and we are pleased to again partner with HLG as our preferred contractor to deliver our innovative plans.”

Construction works are scheduled to commence in Q3 2014 and completion is targeted for Q3 2017.