Nakheel, a member of Dubai Holding Real Estate, has awarded three major contracts, collectively valued at more than USD 1.4 bln for the development of beach and coral collection villas on the first six fronds of Palm Jebel Ali in Dubai.
The contracts, awarded to Ginco General Contracting, Shapoorji Pallonji Mideast and United Engineering Construction Company (UNEC), said the developer in a statement.
The scope of work includes the construction of 723 villas with exclusive beach frontage across six fronds.
As per the deal, Ginco will deliver 197 villas; Shapoorji Pallonji Mideast will undertake the construction of 275 villas, while UNEC will lend its expertise to the development of constructing 251 villas in total.
