Business | Property
Nakheel awards Dh600m contract to Al Shafar
Nakheel has awarded a Dh600 million contract to Al Shafar Transport and Contracting Co, a subsidiary of Al Shafar Group, to build 300 villas and terrace homes at its Al Furjan development.
- Staff Report
- Published: 00:08 July 2, 2008
Dubai: Nakheel has awarded a Dh600 million contract to Al Shafar Transport and Contracting Co, a subsidiary of Al Shafar Group, to build 300 villas and terrace homes at its Al Furjan development.
"The contract is a further milestone in the development of Al Furjan and follows the announcement last week that Arabtec had reached an agreement with Nakheel to build the first 1,500 homes of the development in a contract worth Dh3 billion," Nakheel said in a statement.
Mohammad Rashid Bin Dhabeah, director of Al Furjan, said: "Al Shafar Transport and Contracting Co is a well known and respected contractor with many years of experience in the construction industry."
Ahmad Abdullah Al Shafar, chairman of Al Shafar Transport and Contracting, said: "This is not the first time that Al Shafar Transport and Contracting has undertaken a contract with Nakheel and this project continues to reflect our desire to be aligned with this company."
Set in 540 hectares south of Ibn Battuta Mall and adjacent to Discovery Gardens and The Gardens, Al Furjan will have more than 4,000 homes. Combined with apartments, hotels and commercial and mixed use plots in the developments surrounding Al Furjan, this will result in a day time population of 90,000 people.
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