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FINANCIAL NEWS
Commodore wins $22.4m contract in Dubai
09 May 2010
(MENAFN) The Executive Director of Schon Properties said that the company has awarded a $22.4 million construction contract to Commodore Contracting within the Dubai Lagoon development, Gulf News reported.
Commodore Contracting joins the project�s existing contractors, Bin Sabt Building Contracting Company, which has almost completed the structure of Zone 1 and Belhasa Contracting and Engineering Company (BHECC), who are already on site with an intensified construction program planned for Zone 3.
With building permits already issued and mobilization of cranes already started for Zone 2, actual construction is expected to start within three weeks and the ground floor will be hit by mid-September, according to the schedule set by the contractor.
This new agreement, which will involve all concrete & block works, double basement, superstructure, water proofing and related works for both zones with a combined built up area of 1,412,648 square feet, will pave the way for more streamlined development of the site.
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