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Saturday, November 28 - 2009

ALDAR extends dredging at Al Raha Beach

  • United Arab Emirates: Monday, November 13 - 2006 at 12:54
  • PRESS RELEASE

ALDAR Properties PJSC announced today that it has extended the dredging contract for its major Al Raha Beach development from the initial 10 million cubic metres to 25 million.

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The additional work adds AED340 million onto the original contract and is a result of recent land acquisition and approval to adjust the borrow area limits.

The dredging and reclamation contract for Al Raha Beach was awarded earlier this year, after a tender process, to Dredging International of Holland and work commenced in March.

ALDAR Project Director Michael Cox, who made the announcement commented:

"We are pleased with the progress Dredging International has made in the past seven months. The dredging is well ahead of schedule and we are confident that this additional work will be completed within the agreed timelines."


The dredging and reclamation contract includes work for a number of Al Raha Beach Communities including Khor Al Raha, Al Bandar, Al Seef and Al Wateed at the eastern end of the development. Throughout the western section there will be capping of soft soils, with bulk filling for the Al Rumaila precinct.

The contract is being supervised by Maunsell Consultancy Services designer of the project's overall infrastructure. Richard Cugley, Maunsell Project Director said: "The dredging and reclamation work is an essential stage of the infrastructure development and the extension of the contract will add new challenges. These are challenges which we have demonstrated we are capable of meeting and we are delighted that we have been able to successfully negotiate the terms for this additional work with Dredging International."

Dredging will continue on the Al Raha Beach site for another 14 months with the eastern areas of the development reclaimed by July 2007 and the western precincts being completed by December 2007.
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Notes and media contacts

For further information, please contact:
Karen Lay at SAREEM INTERNATIONAL, Tel: + 971 4 395 5912
Fax: + 971 395 5913
OR
Shamma Al Nuaimi - Media Manager
ALDAR PROPERTIES PJSC Tel:+ 971 2 696 4444, Fax: + 971 2 641 7504

ALDAR Properties
ALDAR Properties PJSC is a premier real estate development, management and investment company headquartered in Abu Dhabi, UAE. The company was formed as a result of an initial Public Offering (IPO) of shares. The PJSC was created under Emiri Decree No 808 of 2004. ALDAR Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors

ALDAR Properties PJSC was created to fast track real estate investment opportunities, and to offer an opportunity to participate in the prosperity of this increasingly important industry in the UAE.

The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate, such as the Central Market in Abu Dhabi, the Al Raha Beach Development ,Al Gurm Resort, Al Mamoura - the Mubadala Development Company and Environment Agency Abu Dhabi Headquarter Building in Abu Dhabi, and Al Jimi Mall Expansion in Al Ain.

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