FINANCIAL NEWS

Dubai’s transport authority awards USD218m contract for Belhasa

01 Jun 2014

(MENAFN) Dubai’s transport authority has recently awarded Belhasa Six Construct Co a contract for the construction of the third phase of Dubai Water Canal Project, according to Arabian Business.

The USD479 million worth project will link Dubai Creek with the Arabian Gulf, of which USD218 million was allocated for the third phase of the project.

Phase 3 includes the construction of the canal from Sheikh Zayed Road, passing across Al Safa Park & Jumeirah 2, and terminating at the Arabian Gulf near the southern end of the Jumeirah Beach Park.

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