Schon Properties, Belhasa sign Dh1.171 billion-construction contract for Dubai Lagoon

Dubai: Schon Properties, developers of the Dh3 Billion Dubai Lagoon Development, has signed a Dh1.171 billion contract with Belhasa Engineering and Contracting Company LLC (BHECC), to handle the construction of zones 3 and 6 of the exclusive mixed-use project.

Site work is scheduled to begin in October 2008, with a projected completion date between the end of 2010 and beginning of 2011. BECC's remit will include all civil, architectural, construction and MEP works as well as air conditioning and service facilities, for a total of 17 buildings.

Asher H. Schon, Vice President of Schon Properties, expressed his confidence in the newly appointed contractors, saying, "We have been in negotiations with a number of leading contractors for these next zones, but Belhasa Contracting and Engineering Company really stood out with a very impressive track record and highly professional attitude towards our requirements. We are looking forward to moving ahead on the project and working closely with BHECC."