DAMAC AWARDS DH 15M CONTRACT FOR EXECUTIVE BAY

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DAMAC Properties has awarded a Dh15 million contract for Executive Bay located in Business Bay. The enabling works contract began on July 21 and has been awarded to Al Habtoor Engineering enterprises.

Al Habtoor was also recently awarded the Park Central and Capital Bay projects at Business Bay. The scope of work of the contract includes shoring piles, excavation and anchoring. The value of the contract exceeds Dh15 million and the enabling work is expected to be completed by December.

Commenting on awarding yet another enabling contract this year, Peter Riddoch, CEO, DAMAC Properties said, ‘Delay in projects have been one of the primary concerns in the construction industry and we at DAMAC are working tirelessly towards curbing this shortcoming that exists within the market and are focussing on timely delivery of projects. This year we have awarded 11 enabling contracts and 2 main works contracts already, which clearly reiterates our commitment towards project completions.’

‘In the process of delivering projects one after the other, DAMAC is not compromising on quality and endeavours to appoint well-known and experienced contractors to ensure top-quality product coupled with timely delivery. Our association with Al Habtoor is not new and we are positive that we will be able to complete the enabling work for Executive Bay as planned.’

Executive Bay, launched last year, is a 19 storey tower that features office spaces as well as retail and recreational facilities.