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UAE's Nakheel, Arabtec in $817m deal  Join our daily free Newsletter

MENAFN - 08/06/2008

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(MENAFN) A spokesperson for the Dubai-based Nakheel announced that the company has inked an agreement with Arabtec Construction to build the first 1,500 homes at its Al Furjan development, Gulf News reported.

He also said that the contract is valued at a total 817 million, has been awarded by Nakheel for the construction of villas and terrace homes at the family-oriented community.

The construction is scheduled to begin in August 2008, with the first residences expected to be delivered in the third quarter of 2010.

The project will be constructed on over 540 hectares south of Ibn Battuta Mall and adjacent to Discovery Gardens and The Gardens and will consist of over 4,000 homes.

 






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