INTELLIGENCE
WWW.CONSTRUCTIONWEEKONLINE.COM 3 - 30 AUGUST, 2019 CONSTRUCTION WEEK 7Real estate developer
Emaar Properties has
rolled out Phase 5 of
the Expo Golf Villas
complex, located close to
the 4.38km2 Expo 2020
Dubai site and an 18-
hole golf course within
Emaar South. Phase 5 is
planned to comprise 302
three- and four-bedroom
villas, with completion
scheduled by September
2022, according to a
company statement.
Emaar is offering
potential buyers the
option of a two-year post-
completion payment plan- following a 5% booking
fee and a first installment
of 5% of the value within
30 days, customers will
pay monthly instalments
of 1.5% from September
2019 to August 2024.
Construction of the
previously launched
phases was progressing
as per schedule.Emaar rolls out Phase 5 of Expo Golf Villas
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Issuer: Reem DevelopersHyundai has secured major contracts from energy giant
Saudi Aramco [image: Shutterstock].Abu Dhabi-
headquartered Jubail
Island Investment
Company (JIIC) has
awarded an eight-month
contract worth $13.6m
(AED50m) to National
Marine Dredging
Company (NMDC) for
the implementation
of marine works for
the $1.4bn (AED5bn)
mixed-use Jubail Islandmegaproject in Abu
Dhabi, which is due to
complete by Q4 2022.
NMDC has already
started work on the
contract, which includes
widening and enhancing
more than 7km of
existing waterways,
in addition to planting
mangroves on the island.
According to JIIC,
the marine workswill help improve the
waterfront area around
the island and support the
environmental biodiversity
of Jubail Island, which was
launched in April 2019 in
line with the goals of Abu
Dhabi Vision 2030. Chief
operations officer of Lead
Development, Richard
Russell, said the company
was on track to hand over
plots in mid-2021.NMDC wins JIIC contract for Jubail Island
The $1.4bn mixed-use megaproject is
scheduled to be completed by Q4 2022.