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Monday, November 9 - 2009

Four dredging contractors shortlisted

  • United Arab Emirates: Saturday, November 26 - 2005 at 10:16
  • PRESS RELEASE

ALDAR Properties PJSC has announced today that it has short listed four dredging and reclamation contractors for the Al Raha beach development, the new city district of Abu Dhabi the capital of the UAE.

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Since, the announcement of the multi billion Al Raha beach development in February of this year. ALDAR has been progressing its designs and schedules to enable early completion of this massive development. An integral part of this work is the formation of the land mass that will set and shape the overall format of the development as a water front mixed use development. Tenders for this work were received from five companies on 15th October of this year. Arising from a detailed analysis of this tender four companies have been short listed for final analysis prior to an award. Those companies being: Van Oord Gulf FZE, Dredging International NV, National Marine Dredging Company, and Boskalis Westminster Middle East.

"We expect to complete our final analysis in the next two weeks leading to an award in early December,"
said Ahmed Ali Al Sayegh, ALDAR's Chairman.

"Preparatory reclamation works have already started," added Emad Muqattash, ALDAR's project Director: "The removal of the existing stone jetties will finish very shortly and this will enable the appointed main reclamation contractor to start before the year end".
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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 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 in Sas Al Nakel, the Mubadala Development Company - Environment Authority 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 a key sponsor of the 2005 TEDAD general census of population, buildings and establishments being undertaken by the Ministry of Economy and Planning..

For more information, please contact
Ousama Ghannoum, Marketing and Communication Director of ALDAR on 02 6336886

Sareem International ALDAR's corporate communications advisers on the numbers below:
Abu Dhabi Office
Tel.: +971 (2) 6771196
Fax: +971 (2) 6790060

Dubai Office
Tel.: +971 (4) 343 3688
Fax: +971 (4) 321 1988

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