Dubai, Oct 15: Indian construction firm Gammon&Billimoria has secured Rs 250 crore (Dh250 million) contract to construct Marina Wharf I and II projects in Dubai Marina from a Bombay developer's joint venture Dheeraj and East Coast (DEC) Piling and shoring work on the 230,000 square foot project Marina wharf I and 250,000 square foot project Marina Wharf II which began in April 2007, has been completed and construction work on this project is expected to begin soon. The development value of the two towers is Dh525 million.
Meanwhile BSEL, another Indian construction major has launched two residential towers in Ajman emirate, cashing in on the new real estate norms in the UAE offering freehold properties.
''Gammon&Billimoria, which is promoted by two Indian construction majors and which has significant local experience, perfectly fitted the bill and we are confident that they will achieve the desired results within the given timeframe while maintaining our high quality standards,'' Dheeraj Wadhawan, Managing Director of DEC, said.
The contract envisages completion of construction work within a 21-month period by mid-September, 2009.
Marina Wharf I and II is a freehold residential project comprising of two self-contained properties that combine luxury with affordability alongside exclusive sports facilities like a six-lane bowling alley, speedball court, spacious squash court and top-of-the-line billiards room, besides a fully-staffed cafeteria and 24-hour security.