HLG wins $395mn Jewel in the Creek deal in Dubai.
The award forms a significant part of the AED3bn ($816mn) Jewel of the Creek development, which HLG has worked on since 2012 when it was appointed to construct and complete the substructure works for four basement levels and ground floor slabs on the waterside site between Al Maktoum Bridge, Baniyas Road and the Floating Bridge.
HLG CEO and managing director, Jose Antonio Lopez-Monis, said the contract with DIRE is of great significance to HLG.
"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.
"The HLG team is looking forward to delivering Jewel of the Creek to DIRE's high standards," Lopez-Monis added.
HLG's scope of works involves the construction and completion of five hospitality buildings ranging between 15 and 19 floors, featuring a hotel and serviced apartments; a ballroom, with an attached cafe; a marina, including four foot bridges and one vehicular bridge; and hard and soft landscaping works.
H.E Khalil Al Sayegh of DIRE stated that this contract award is a major milestone for the company.
"We are confident that this landmark development will be a great success and we are pleased to again partner with HLG as our preferred contractor to deliver our innovative plans," he said.
Construction works on package eight are scheduled to start Q3, 2014 and complete in Q3, 2017.
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