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04-01-18
Nakheel sign USD105m contract for Dubai resort construction
(MENAFN) An AED385 million contract has been inked between Master developer Nakheel and Spain's RIU Hotels & Resorts, aiming to construct at Deira Islands in Dubai a venture beachfront resort and water park.
The resort with AED670 million investment worth is to be constructed by Bin Ladin Contracting Group Dubai after being selected from a shortlist of ten contractors.
Recently, Nakheel has granted nearly AED8 billion worth of infrastructure and construction contracts at Deira Islands as it announced that it is to award further more in the future.
MENAFN0401201800450000ID1096308214
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