Imkan grants Dh 236 million deal for Al Jurf project

By Backend Office, Desk Reporter
    Representational Image

    Abu Dhabi-based developer Imkan has granted a contract worth Dh 236 million to Dhabi Contracting to create the first phase of Al Jurf Gardens, a project along the UAE’s coast between Dubai and Abu Dhabi.

    Dhabi Contracting will build 146 residential and two show villas over a total area of 5.78 hectares at Sahel al Emarat, Imkan said on Sunday. The project is scheduled to be completed in 2022. The first phase of the project will include villas, a private beach, a marina and a wellness retreat.

    Walid El Hindi
    CEO – Imkan

    “Our priority in choosing a construction partner for this project was to work with one that shares our ethos and beliefs. We are confident that Dhabi will play a vital role in the smooth delivery of Al Jurf to the best standard while – most importantly –protecting Al Jurf’s natural habitat and ecosystem.”

    Set up in 1983, Dhabi Contracting’s project collection includes Al Khail Avenue Mall, Adnoc’s villas in Ruwais and Le Royal Meridian Abu Dhabi.

    “As a company that has played a major role in the growth of the UAE, with its numerous specialized developments, we will be drawing on our unrivaled expertise to bring to life this premium lifestyle concept,” said Dhabi Contracting’s general manager Samy Edward.

    A wholly-owned subsidiary of Abu Dhabi Capital Group, Imkan has a collection of 26 projects worth Dh 100 billion in several countries such as the UAE, Egypt, Morocco, Seychelles and Sri Lanka.

    Last year, it began Le Carrousel, a 10ha development along the Atlantic coast in Morocco. The total expense in the mixed-use project is 1.5 billion Moroccan dirhams (Dh 558 million).

    The organization is also looking to grow in Egypt, where it acquired a 67.17ha plot from the Egyptian government to create a mixed-use project in New Cairo near the American University campus for 4bn Egyptian pounds (Dh934m) last year.

    In Abu Dhabi, Imkan’s projects under development include Pixel, a mixed-use scheme in its Makers District development on Reem Island; Nudra, a luxury beachside villa community; and Sheikha Fatima Park, with retail and food and beverage outlets.

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