Nakheel signs contract with Al Shafar Transport and Contracting Co to build 300 homes at Al Furjan

Nakheel, a Dubai World company and one of the world's largest and most innovative real estate developers, has signed an agreement with Al Shafar Transport and Contracting Co LLC, a subsidiary of Al Shafar Group, to build 300 villas and terrace homes at its Al Furjan development.

  • United Arab Emirates: Tuesday, July 01 - 2008 at 10:52
  • PRESS RELEASE


(Left to right): Mohammed Rashed Bin Dhabeah, Director of Al Furjan and Ahmed Abdullah Al Shafar, Chairman of Al Shafar, signing the contract.
(Left to right): Mohammed Rashed Bin Dhabeah, Director of Al Furjan and Ahmed Abdullah Al Shafar, Chairman of Al Shafar, signing the contract.

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The contract valued at Dhs600m is a further milestone in the development of Al Furjan and follows the announcement last week that Arabtec had reached an agreement with Nakheel to build the first 1,500 homes of the development in a contract worth Dhs3bn.

Engineer Mohammed Rashed Bin Dhabeah, Director of Al Furjan, said:

'Al Shafar Transport and Contracting Co LLC is a well known and respected contractor with many years of experience in the construction industry of Dubai. It is with great pleasure that we welcome them to this project.'



Ahmed Abdullah Al Shafar, Chairman of Al Shafar Transport and Contracting Co LLC, said:

'We are extremely pleased to have been appointed to work with Nakheel on the Al Furjan project. This is not the first time that Al Shafar Transport and Contracting Co LLC has undertaken a contract with Nakheel and this project continues to reflect our desire to be aligned with this prestigious company.'

Al Furjan captures the principles of traditional neighbourhood living, combining spacious villas and terraced housing with abundant open spaces and a multitude of amenities. Set in 540 hectares south of Ibn Battuta Mall and adjacent to Discovery Gardens and The Gardens, Al Furjan will boast more than 4,000 homes. Combined with apartments, hotels and commercial and mixed use plots in the developments surrounding Al Furjan, this will result in a day time population of approximately 90,000 people.

Construction will commence in the third quarter of this year with the handover of the first residences expected to be in the third quarter of 2010.




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Notes and media contacts

About Nakheel:

Nakheel is one of the world's largest privately held real estate developers, and a key player in realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism.

Nakheel is developing an iconic portfolio of innovative landmark projects in Dubai, and now in key markets around the globe, across a range of sectors - residential, commercial, hotels, retail, and leisure. Nakheel's projects are conservatively estimated to be worth US$80 billion. Upon completion Nakheel's waterfront projects will have added more than 1000km of shoreline to Dubai's coastline.

Nakheel's Dubai portfolio currently includes The Palm Jumeirah, The Palm Jebel Ali, The Palm Deira, The World, Waterfront, The Universe, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Ibn Battuta Mall, Al Furjan, International City, and Dragon Mart.

Nakheel is a key entity within Dubai World. Dubai World is one of the world's largest holding companies and supervises a portfolio of businesses and projects for the Dubai government across five continents and more than 100 countries.

For more information please contact:

Four Communications
Tel: +971 55 985 3375/3377

About Al Shafar Transport and Contracting Co LLC:

Al Shafar is a local company, established in the 1960's and has been an integral part of Dubai's success with the significant contributions it has made to the development of Dubai. Al Shafar has worked with Nakheel on a number of projects including The Palm Jumeirah. Their portfolio includes residential villas, high rise buildings, Governmental Buildings, commercial blocks, and other billion dirham projects.

Mustafa Al-Sheikhly
Account Manager - Four Middle East
Four Communications Group
PO Box 502099, Office 420, Building 8
Dubai Media City, Dubai , UAE
T. +971 4369 3542
F. +971 4 362 5358
M. +971 50 422 9101
W. http://www.fourcommunications.com
Anne-Birte Stensgaard Posted by Anne-Birte Stensgaard, Senior News Editor
Tuesday, July 01 - 2008 at 10:52 UAE local time (GMT+4)

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