Business | Property

Damac gives Dh805m deal to Intermass

Luxury lifestyle provider, Damac Properties, has awarded a Dh805 million contract to Intermass Engineering and Contracting Co, for its Lakeside project at International Media Production Zone (IMPZ).

  • Staff Report
  • Published: 23:24 July 26, 2008
  • Gulf News

Dubai: Luxury lifestyle provider, Damac Properties, has awarded a Dh805 million contract to Intermass Engineering and Contracting Co, for its Lakeside project at International Media Production Zone (IMPZ).

This project will be completed by December 2010.

Lakeside project is Damac Properties' third project in IMPZ - the previous two projects being the Crescent and Lago Vista. All the three projects are being built by Intermass.

"Intermass is one of the leaders in the engineering and construction industry in the UAE today and their appointment as main contractors is due to our faith in the quality of their work and our past experience with them," said Peter Riddoch, chief executive officer of Damac Properties.

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