Nakheel awards Dh375m contract to GTCC

Dubai: Nakheel has awarded a contract worth almost Dh375 million to Gulf Technical Construction Company (GTCC) to build The Pointe at Palm Jumeirah.

The Pointe – Nakheel’s Dh800 million, 136,000 square metre retail and entertainment complex – will be located at the tip of Palm Jumeirah, opposite Atlantis, and is due for completion in 2016.

Nakheel expects GTCC – a subsidiary of Drake & Scull – to start construction before the end of this month.

The project includes a diverse range of shopping, dining and entertainment facilities, including a spectacular fountain display.

The Pointe will be accessible via The Palm Monorail system, while water taxis will shuttle visitors across the bay from nearby hotels directly to The Pointe’s marina.