Developer of $1.3bn Jubail Island Awards Marine Works Contract to National Marine Dredging Company
Business 23 July 2019 Arabia Day Newsdesk 0
The developer of Jubail Island, which aims to become Abu Dhabi’s most desirable residential sanctuary, on Tuesday said it has awarded a marine works contract to National Marine Dredging Company.
Developed across 400 hectares at an estimated cost of AED5 billion ($1.36 billion), the low-density community, designated as an Abu Dhabi investment zone, will comprise a mix of serviced plots, high end and midrange properties that cater primarily to the requirements of UAE nationals and the rental market.
Set to feature six investment zone villages – Marafaa Al Jubail, Nad Al Dhabi, Seef Al Jubail, Ain Al Maha, Souk Al Jubail and Bed’a Al Jubail – Jubail Island is located between Yas Island and Saadiyat Island.
Jubail Island Investment Company (JIIC) said it has awarded an AED50+ million marine works contract with work on the marine channel package already underway.
The scope of the contract comprises more than 7km of widening and enhancing existing waterways designed to improve overall waterfront living experience, restoring water circulation to previously stressed mangrove forests and to support the propagation of new forests. The contract also includes the planting of thousands of new mangrove trees.
In May, JIIC appointed Gulf Contractors Company to execute enabling works for the project that are scheduled for completion in January 2020.
Richard Russell, chief operations officer of lead development – the development management firm overseeing Jubail Island, said: “With enabling and marine works having commenced on the island, we are well on track to hand over plots as early as mid-2021. The timely delivery of this showcase project as per the highest construction and environmental standards is our utmost priority.”
He added: “On Jubail Island, we will spare no effort to ensure that our marine works bolster this national objective through safeguarding this pristine ecosystem.”
The development will also boast generous outdoor areas and include parks, hiking paths, kayaking stations and cycling routes for nature lovers and water sports enthusiasts.
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