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Habtoor Leighton, Dubai International sign USD395m deal

29 May 2014

(MENAFN) Habtoor Leighton Group (HLG) has announced the signing of a USD395 million-worth contract with Dubai International Real Estate (DIRE) for the delivery of package eight of its Jewel of the Creek mixed-use project at Port Saeed in Dubai, according to Arabian Business.

The contract is part of a wider Jewel of the Creek development plan worth USD816 million, which HLG has worked on since 2012 when it was appointed to construct four basement levels on the waterside site between Al Maktoum Bridge, Baniyas Road and the Floating Bridge.

HLG CEO and managing director, Jose Antonio Lopez-Monis, said: “We are pleased to have been selected as DIRE’s contractor of choice, and are proud to continue our partnership with DIRE on this landmark project.”

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