UAE-headquartered master developer, Nakheel, has awarded a contract worth $44.9m (AED165m) to APCC Piling and Contracting for its Deira Islands development.
In a statement, Nakheel announced that the contract covers the construction of six marinas, which will accommodate 614 boats and yachts.
Construction of the marinas will reportedly commence in Q4 2017, with the project to be delivered in phases over two years.
Ali Rashid Lootah, chairman of Nakheel, said: “We are investing billions of dirhams to deliver Deira Islands and transform Dubai’s Deira district into a world-class hub for tourism, retail, leisure, and entertainment.
“Our new coastal city, being developed in line with the Government of Dubai’s vision for 2021, paves the way for hundreds of hotels, residences, and attractions, many of which we are developing ourselves under our business diversification strategy.”
With the awarding of the contract to APCC, Nakheel’s construction and infrastructure investment on the development has now exceeded $2bn (AED7.5bn).
According to the developer, Deira Islands will add 40km, including 21km of beach, to Dubai’s coastline.