Property

China Harbour wins $41m contract for Falcon Island in UAE

Engineering company bags contract for marine and infrastructure works in Ras Al Khaimah

PHOTO: The $272 million Falcon Island project will feature 150 villas and mansions. Credit: Supplied

Ras Al Khaimah (RAK) developer Al Hamra Real Estate Development has awarded China Harbour Engineering Company an AED 150 million ($41 million) contract for marine and infrastructure works on its upcoming Falcon Island project.

The work is scheduled to begin this month, and expected to be complete in October 2016.

Falcon Island will house the first LEED Platinum Certified real estate of its kind in the GCC, the developer said. The AED 1 billion ($272 million) project will feature 150 villas and mansions, and is situated in the Al Hamra Village in RAK.

A central canal that will split the island in two is being developed as part of the marine and infrastructure works, Al Hamra Real Estate said in a statement.

Under the contract, China Harbour Engineering Company will be responsible for dredging the canal, landscaping private and public beaches, as well as building power, sewage, and road networks. The firm, which is a subsidiary of China Communications Construction Company, will also enhance existing beaches at Al Hamra Village as part of the awarded contract.

“China Harbour Engineering Company is a world-renowned contractor, responsible for infrastructure projects worth over US$10 billion. Through these developments we’ve demonstrated our ability to work to the highest standards and specifications, and we are delighted to be taking charge of the marine and infrastructure works at Falcon Island,” said Li Guowei, general manager of the company.

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