Construction

Parkway Intl Contracting wins $80m Deira Islands resort construction contract

Nakheel and Centara’s Centara Deira Islands Beach Resort Dubai is due to open 2020

Nakheel says its $136 million joint-venture (JV) with Thai hotel group Centara Hotels & Resorts has awarded Parkway International Contracting LLC with the construction contract to deliver Centara Deira Islands Beach Resort Dubai – Centara’s first in the UAE.

The resort is scheduled to open in Q4 2020 and, in a statement, Nakheel said it estimates its infrastructure and construction investment at Deira Islands totals $2.4 billion so far, adding that mobilisation will begin immediately.

Located on a prime beachfront spot at Nakheel’s Deira Islands waterfront city, the resort will also be managed by Centara, whose growing portfolio already includes over 12,000 keys across 60 hotels and resorts in Asia, the Indian Ocean and the Middle East. Centara entered the Middle East market with the opening of Centara Muscat Hotel last year and has other openings imminent across the GCC.

“Nakheel continues to play a pivotal role in shaping and diversifying Dubai’s tourism offering with a 27 billion AED hospitality and retail expansion that supports the government’s vision,” said Ali Rashid Lootah, chairman, Nakheel. ” Our joint venture with Centara underlines our commitment to working with trusted international brands to bring new hospitality concepts to Dubai, and today’s crucial milestone brings this exciting new resort ever closer. I look forward to delivering one of Dubai’s most sought-after destinations for travellers from all over the world.”

Suparat Chirathivat, EVP, corporate development, Central Group, commented that Centara is thrilled with the speed at which its JV with Nakheel is progressing, “and looks forward to opening Centara Deira Islands Beach Resort Dubai in 2020. Today is a key milestone of expansion for Centara as we continue to extend our upscale resort portfolio internationally.

“This is Centara’s first hotel in Dubai, and the UAE, and represents our arrival in a key gateway city in the Middle East. We believe that the unique design and service of Centara Deira Islands Beach Resort Dubai will offer unforgettable holiday experiences to guests. With Nakheel’s development expertise and Centara’s record of delivering and inspiring extraordinary guest experiences, we will create a unique resort that surprises and delights guests for years to come.”

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