Nakheel awards $102mn The Pointe construction contract to GTCC
Drake and Scull International subsidiary expected to begin construction before end of February
Nakheel, the Dubai-based real estate developer, has awarded a contract worth $102 million to Gulf Technical Construction Company (GTCC) to build The Pointe at Palm Jumeirah.
The developer said that it expects GTCC – a subsidiary of Drake & Scull International – to mobilise before the end of February.
The Pointe – Nakheel’s $217.8 million, 136,000sqm retail and entertainment complex – will be located at the tip of Palm Jumeirah, opposite Atlantis, and is due for completion in 2016.
The project includes a diverse range of shopping, dining and entertainment facilities, including a spectacular fountain display.
The Pointe will be accessible via The Palm Monorail system, which will soon be connected to the mainland tram system, while water taxis will shuttle visitors across the bay from nearby hotels directly to The Pointe’s marina.
The Pointe is one of several new Nakheel developments underway at Palm Jumeirah. Others include Nakheel Mall and Hotel, The Boardwalk and Palm West Beach.
