Friday, April 27, 2007

L&T wins construction work of Dh.177.6m residential projects in Dubai

India’s Larsen and Toubro (L&T ) has won a Dh.177.6 million (Rs.2billion) deal from Nakheel for construction of residential project in Dubai. The project will be under the execution of ECC, the construction division of L&T.

The project comprises construction of luxury villas and other infrastructure facilities such as club house and children’s play area at Jumeirah Islands.

The entire construction work, which involves construction of 31 luxury villas, is due for completion within 548 days from the day of commencement of works.

This is for the third time that, Nakheel, the leading project developer in UAE, has been awarding projects to L&T. The other two being the middle bridges at the trunk of Palm Jumeirah Island which has already been completed, and the Mogul Gardens.

Larsen and Toubro Limited, the $4 billion Engineering and Construction Company with global operations, is one of the most respected and largest companies among the private sectors in India.

1 comment:

BenMode said...

Dubai is one of among the most stable market for real estate in the middle east. It would take a decade before it will experience what US is now suffering in the real estate market.