Schön Properties signs Dhs1.171bn contract with Belhasa Engineering and Contracting Company for Dubai Lagoon

Site work is scheduled to begin in October 2008, with a projected completion date between the end of 2010 and beginning of 2011.

BECC's remit will include all civil, architectural, construction and MEP works as well as air conditioning and service facilities, for a total of 17 buildings.

Asher H. Schön, Vice President of Schön Properties, expressed his confidence in the newly appointed contractors, saying:

"We have been in negotiations with a number of leading contractors for these next zones, but Belhasa Contracting and Engineering Company really stood out with a very impressive track record and highly professional attitude towards our requirements. We are looking forward to moving ahead on the project and working closely with BHECC."

BHECC General Manager, A.G.Abdul Azeem, commented on the deal, "The Dubai Lagoon is a very interesting project and one that we feel more than equipped to handle with our sturdy background in large-scale development on many varied projects. Building the skyline of new Dubai and delivering fantastic end-products to customers are two key drivers in our decision to sign with Schön Properties.

With a sterling reputation in the market, BHECC is one of Dubai's larger construction companies, and has undertaken a wide range of construction projects comprising - 5 star Hotels, Mosques, Multi-storey residential complexes, buildings for governmental institutions, shopping malls, multipurpose indoor sports halls, auditoriums, schools and office blocks.

Some of BHECC projects have included construction of 200 residential units in the Green Community, 10 office blocks as well as the 48 storey Salam Tower in Dubai Media City, Movenpick Hotel (Holiday Inn) in Oud Metha and three, 50 storey mixed-used buildings in Cluster-X of Jumeirah Lake Towers, among numerous other large-scale projects.

The announcement follows recent news that Powerline Gulf has been maintained on the first 2 zones only, with site work for these zones currently mobilizing to resume construction.

It is the company's driving ambition to continuously grow, succeed and become pre-eminent in every field of business in which we engage.

At Schön Properties we plan to achieve this through a unique combination of experience and expertise, to bring innovation and vitality to the most exciting city in the world.
Of course, we'll also strive to achieve our goals while earning the respect of our customers, suppliers, associates and competitors.

Strong, experienced and deeply committed, we bring our traditional family values of fairness, honesty and openness to bear on modern and innovative ways of working and developing businesses.

The Schön Business Park and the Dubai Lagoon developments are just two examples of the grandeur of our vision.