Page 55 - Magazine May 2023

AED 327 million contract was

awarded to CGCH

Jubail Island has announced the AED 327 million 242 elegantly designed and spacious apartments in
contract award to Construction General Contracting a series of low-rise, low-impact blocks, in addition
House Ltd (CGCH) for its new 242-unit Jubail Terraces to 23 retail units on the ground floor in each of the
community in Souk Al Jubail village, which was buildings.
launched for sale in February 2023.
The new mixed-use destination will be ready for
An official groundbreaking ceremony was held on handover in March 2025, following the start of the
the island to commence the project, with attendance handover of the land plots in March and the anticipated
from senior management including Mounir Haidar, start of the handover of the villas and townhouses in
Managing Partner of LEAD Development, Abdulla Al December 2023. Together with the Marina district,
Shamsi, Corporate Director of Jubail Island Investment The Jubail Club, landscaping, and other amenities,
Company (JIIC) as well as Wahbi Mohamed El Wardani, these features will create the heart of Jubail Island.
CEO of CGCH and Mohammed Ahmad Dib, General Established in 1990, CGCH is one of the UAE’s
Manager of CGCH.
leading contractors, and will be responsible for the
Located amid some of the UAE’s most beautiful construction of Jubail Terraces and all associated
landscapes, surrounded by mangroves and wildlife, amenities. Global consultancy practice Atkins has
the contract award includes the development of been engaged in a supervisory capacity.

20 Construction Contracts