Saturday 19 September 2020

JIIC awards key contract for $1.3bn Abu Dhabi island project

ABU DHABI, December 14, 2019

UAE-based Jubail Island Investment Company (JIIC) has awarded infrastructure works contract worth over Dh80 million ($21.7 million) to Gulf Contractors Company (GCC) for its Jubail Island project in capital Abu Dhabi. 
The scope of work includes the construction of a 3-km-long public loop road circling around Souk Al Jubail to provide road connectivity and access to the neighbouring villages, and the construction of 5 km of internal roads in Marfaa Al Jubail. 
The contract also includes utility infrastructure development such as electricity, water, sewage, irrigation, telecom and gas networks, as well as street lighting.
Works on the 18-month-long first infrastructure package have commenced on two of the six villages that are part of the Dh5-billion ($1.36 billion) project – Marfaa Al Jubail and Souk Al Jubail.
With overall infrastructure works on Jubail Island amounting to Dh600 million, JIIC confirmed that to date a total of Dh120 million in infrastructure contracts have been approved.
JIIC managing director Mounir Haidar said: "Following the completion of the enabling works, we are delighted to confirm the start of Phase One of infrastructure works on Jubail Island, demonstrating our commitment to on-time delivery of plots as early as Q3 2021."  
Due to the group's notable industry experience, coupled with the highest quality and construction standards, Jubail Island is well on track to emerge as the most desirable community in Abu Dhabi and will present an attractive investment opportunity for those with a keen eye for a quality portfolio. 
"Upon completion, the 400-hectare island will offer a unique natural setting in an unusually low-density community, surrounded by a wildlife conservation area," stated Haidar.
Lauding Abu Dhabi government and Modon Properties for developing the Jubail Mangrove Park, Haidar said: "Once complete, the Jubail Mangrove Park will feature a host of facilities, including kayaking stations, a boardwalk with interactive educational lessons, a play area for children, viewing terraces for visitors to enjoy the stunning natural scenery, and a visitor’s centre that aims to raise awareness about mangrove trees and their environmental significance."
Jubail Island is a designated freehold Abu Dhabi investment zone comprising a mix of serviced plots, high-end and mid-range properties as well as retail, office park and food and beverage (F&B) outlets.
The Jubail Island development is set to significantly enhance the island’s natural ecosystem through planting of 25,000 new mangrove trees, as well as adding an extensive canal network, several lagoons and other new marine habitats that will provide an ideal home to multiple animal species, said the top official. 
The development will also boast generous outdoor areas, and include parks, walking tracks, kayaking stations and cycling routes for nature lovers and water sports fans, he added.-TradeArabia News Service


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