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Malaysian group wins Yas Island marina contract

Kuala Lumpur, November 7, 2008

Aldar Properties has awarded a Dh235 million ($64 million) contract for marina landside facilities at Yas Island Development in Abu Dhabi to Cebarco-WCT, a unit of Malaysia-based WCT.

A joint-venture company of WCT, Cebarco-WCT said the work is expected to be completed by the fourth quarter of 2009.

Under the build-only contract, the entire construction cost will be borne by Aldar while Cebarco-WCT will receive advance and progress payments as work progresses, said a company official.

Tags: Yas Island | contract | WTC |

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