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L-R: Ercan Karadede, MD, HSSG; Abdul Majeed Ismail Al Fahim, Chairman, Pearl Dubai FZ LLC and Ali BuRuhaima, Chief Officer, Asset Development Zoning Authority, TECOM |
Pearl Dubai FZ LLC, a consortium of investors led by Al Fahim Group, has awarded a contract worth Dh305 million to Al Habtoor STFA Soil Group (HSSG) to carry out enabling works on the Dubai Pearl real estate project that is taking shape within the Dubai Technology and Media Free zone (TECOM), overlooking ‘The Palm Jumeirah development. HSSG will handle all aspects related to site grading, mobilization shoring, earthwork, excavation, dewatering, piling work and testing. HSSG has been mandated to complete the enabling works by December 2008.
Abdul Majeed Al Fahim, Chairman, Pearl Dubai FZLLC, said, “Pearl Dubai is looking forward to a fruitful collaboration with HSSG on the ambitious venture, which is fast achieving fruition as a landmark development within the free zone cluster. HSSG has the necessary expertise and a successful track record in handling prestigious projects of such magnitude”.
Expected to be completed by December 2010, Dubai Pearl will have a built up area of more than 15 million sq ft, combining an active business district with a quality urban lifestyle and offering easy access to premium commercial and residential areas such as Dubai Media City and Dubai Internet City, as well as ‘The Palm Jumeirah’. The residential component of the real estate project will include sky palaces with private pools and gardens, sky penthouses, luxury branded apartments and condominiums.
