Business | Property
CTC to build Dh1b Pacific project on Al Marjan
Select Group, a Dubai-based property developer, yesterday said it has awarded a contract to the Ras Al Khaimah-based Construction Technology Contracting (CTC) to construct its Pacific project on the man-made development of Al Marjan Island.
- Staff Report
- Published: 23:42 August 21, 2008
Dubai: Select Group, a Dubai-based property developer, yesterday said it has awarded a contract to the Ras Al Khaimah-based Construction Technology Contracting (CTC) to construct its Pacific project on the man-made development of Al Marjan Island.
"Pacific, valued at a total of Dh1 billion, is a joint development of Select Group in partnership with the UK-based Select Property. It will comprise six contemporary, architecturally spectacular properties, each named after Pacific Islands," the company said.
Rahail Eslam, CEO of Select Group, said: "Pacific is an exclusive waterfront project, one of our first developments in Ras Al Khaimah. CTC is the right construction partner for the project which is due for completion in 2011."
Together, the project will be spread across 25,300 square metres on the top isle of Al Marjan Island.
Designed by architects JRHP, Pacific will consist of studios, one- and two-bedroom apartments, duplexes, Pacific Suites and Gulf Suites.
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
