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The Roads and Transport Authority (RTA) has awarded the Dh375 million contract to Dubai International Real Estate Company (DIRE) for the construction of tunnels and roads leading to the Jewel of the Creek project.
The RTA announced on Saturday that it has signed a memorandum of understanding with DIRE for funding the construction of tunnels and roads leading to the project. Mattar Al Tayer, director-general and chairman of the board of executive directors of RTA, and Khalil Al Sayegh, DIRE director-general signed the agreement. The road project is set for completion during the first half of 2019.
The Jewel of the Creek project, which sits between Al Maktoum and Floating Bridges, has been designed as a landmark tourist destination. Once complete, it will have a five-star hotel with 438 rooms, four residential towers comprising 756 serviced apartments, 20 restaurants, a man-made lake, a domestic beach stretching along the project, and a marina. It also hosts a 4-star hotel with 403 rooms, another tower for a 3-star hotel with 405 rooms in addition to two connected residential towers comprising 389 serviced apartments featuring an Arabic-Islamic design, a mini mall and a parking space for about 6,000 vehicles.
Al Tayer said: "The project in which construction works have recently started is primarily aimed at providing entry and exit points linking with the ground and basement access points of the Jewel of the Creek project."
- angel@khaleejtimes.com
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