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
-
Saudi-Bahraini economic ties hit new high
Whilst press reports continue speculating on a possible new political structure defining ties between Saudi Arabia and Bahrain, facts on the ground confirm ever- stronger economic ties between the two neighbours
-
Cupid targets the Fed with early tweets
Declarations range from pure romance to cute overtures and racier fare
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
