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RAK signs $94m industrial park deal

Ras Al Khaimah, February 12, 2008

Ras Al Khaimah has signed a Dh348-million ($94.76m) contract with China Harbour Engineering Company for the development of Hulayla Industrial Park.

The agreement was signed by Ras Al Khaimah Crown Prince and Deputy Ruler Shaikh Saud bin Saqr Al Qasimi and China Harbour Engineering Company General Manager Li Guowei at the Al Dhait Palace.

The marine works contract involves creation of a 2.5-kilometre long inward water channel which will provide direct water access to the Hulayla Industrial Park. The access channel would be dredged to a depth of seven metres and a five-kilometre long quay wall would be constructed around the perimeter of the port basin. The low-lying areas behind the quay wall would be reclaimed for setting up new industries.

'I hope that the proposed marine works at Hulayla Industrial Park would offer locational, infrastructure and logistics advantages to the industries and help them gain more competitiveness as well as attract new industries to the emrairate,' Sheikh Saud said.

“The awarding of the project is a clear validation of our technical expertise and the high quality standards that we set for ourselves. We expect to commence the works soon and hope to complete it within two years,” said Li Guowei.

The proposed water channel would have a depth of nine metres at the entrance and seven metres along the main water body which would help ships to come close to the industrial park. Around 5.6 million cubic metres of sand would be dredged as part of the project, which will be used for reclamation of surrounding areas for industrial use.

Halcrow is the consultant for the project, which is located around 15 kilometres north of Ras Al Khaimah City and close to the Mina Saqr Port. – TradeArabia News Service




Tags: RAK | industry | Park | Hulayla | China Harbour |

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