Van Oord Nabs Deira Islands Contract
- Business & Finance
Nakheel, a Dubai-based real estate developer, has appointed marine engineering contractor Van Oord to deliver 23.5 km of coastline and breakwaters at Deira Islands, its new 15.3 sq km waterfront city in Dubai.
The AED387 million (around $105 million) contract, signed today with Van Oord Middle East Limited Dubai Branch, includes beaches, quay walls, rock edges and breakwaters at Deira Islands, which are set to transform Dubai’s Deira district into a world-class hub for tourism, living, retail and entertainment. The overall cost of the coastal work is around AED550 million ($150 million).
The two-year contract – stage one of Nakheel’s water edge delivery program at Deira Islands – includes 8.5 km of beaches, 3.5 km of quay walls and 9.5 km of rock revetments at two of the four Deira Islands.
The work includes a 4 km stretch of waterfront, big enough to accommodate more than 500 yachts and boats, at the 4.5 million square meter south island. Van Oord will also build 2 km of breakwaters to protect the newly-created basin and beachfront.
Nakheel has previously engaged Van Oord for dredging and coastal work on its world-famous waterfront projects in Dubai, including Palm Jumeirah and The World which added 300 km to Dubai’s coastline. Deira Islands will add another 40 km, including 21 km of beachfront.
Deira Islands, one of several Nakheel developments underway in line with the Government of Dubai’s tourism vision, paves the way for hundreds of new hotels, serviced apartments, mixed-use buildings and marinas.