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Tuesday, May 21, 2024

HLG awarded AED 480 million Jewel of the Creek

by The Media Office

Jewel of the Creek
Signatories at the contract signing: (Left to Right) Riad T. Sadik, Chairman of HLG, H.E Khalil Al Sayegh, Dubai International Real Estate, Laurie Voyer, CEO and Managing Director of HLG.

Dubai International Real Estate (DIRE) has signed a contract with HLG for the AED 480 million Package #7 of the ‘Jewel of the Creek’ development in Port Saeed, Dubai

HLG’s contract on the project involves the construction and completion of 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. The plot area is 123,955 square metres.

Package #7 forms part of the AED 3 billion ‘Jewel of the Creek’ development.

When complete it will be a multi-use development which includes four and five star hotels, furnished service apartments, a convention centre, a ballroom, office buildings, residential buildings, a marina and landscaping.

The site has already been fully excavated and piled and HLG’s scope of work includes:

  • Construction of all rafts and four-level basement slabs;
  • Construction of the project’s ground floor slab;
  • Embedded MEP works (first fix);
  • Miscellaneous earthworks, re-anchoring of diaphragm walls, pile cutting and trimming, waterproofing works and reinforced concrete works.

The signing of the project took place at the Grand Millennium, Dubai on 22 February and was attended by H.E Khalil Al Sayegh of DIRE, HLG Chairman Riad T. Sadik, HLG CEO and Managing Director Laurie Voyer and representatives of the Kling Consult and Kieferle Partnership (KCKP).

H.E Khalil Al Sayegh stated that the project will set a benchmark for future DIRE developments and that it will be one of the much sought after addresses in Dubai.

Riad T. Sadik welcomed the new project to HLG’s project portfolio and said, “We are confident that this landmark development will be a great success.”

Laurie Voyer commented on the signing saying, “The award of the project demonstrates that HLG has an established reputation and is a preferred contractor by major clients in the Dubai market.”

Construction works on Package #7 have already begun and completion is expected in August 2013.

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