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Eight contractors invited for ALDAR's Al Raha Beach land reclamation
- United Arab Emirates: Sunday, September 04 - 2005 at 13:55
- PRESS RELEASE
ALDAR Properties PJSC announced that eight contractors have been invited to tender for the dredging and reclamation contract at Abu Dhabi's forthcoming Al Raha Beach Development.
After evaluation of tenders, a contract award is anticipated by end of September, 2005. The contract requires dredging from a "borrow area" of suitable sands and soils offshore - and the creation of a new land area of some 450 hectares along an eight kilometre shore line.
The Al Raha Beach Development will become the new gateway to Abu Dhabi, with a projected 120,000 residents experiencing this new and unique waterfront community.
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Notes and media contacts
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 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 in Umm Al Nar, the Mubadala Development Company - ERWDA Headquarter Building in Abu Dhabi, Al Jimi Mall Expansion in Al Ain, Jebel Hafeet Resort in Jebel Hafeet, Al Ain, and the Al Mudheef Urban Regeneration Scheme in Al Mudheef.
ALDAR Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors.
For more information, please contact
Ousama Ghannoum,
Marketing and Communication Director of ALDAR
Tel:02 6336886
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Posted by Lara Lynn Golden, News Editor
