Abu Dhabi-based Jubail Island Investment Company announced on Wednesday that it has awarded the  construction contract for the first phase of 300 villas located within the 5 billion UAE dirhams ($1.4 billion) Jubail Island development to Arabian Construction Company (ACC).
 
The first phase is due for completion in the fourth quarter of 2023, the company said in a statement, adding that 60 per cent of infrastructure already completed.
 
Mounir Haidar, Managing Director of Jubail Island Investment Company, said: “We have assembled a world-class design, consultancy and construction team including Ramon Esteve Estudio, EHAF, SHH and WSA, that will deliver unrivalled luxury and premium community living, with a low-impact and low-density settlement footprint that was created in mind to cater for Emirati lifestyle preferences.
 
Covering more than 45 million square metres, and offering restaurants, a beach club, business centre, sports facilities, schools and nurseries, as well as a community club, and specialised clinics, Jubail Island will be home to more than 5,000 residents after completion, according to the statement.
 
(Writing by Syed Ameen Kader; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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