Tuesday, March 02, 2010

Steady progress of infrastructure works at Al Marjan

RAKIA (Ras Al Khaimah Investment Authority), a major provider of investment opportunities and one-stop solutions in its Free Zones, Industrial Parks and Offshore facilities, in real estate developments and other ventures, has announced that the infrastructure work at Al Marjan Island, the first man-made island in Ras Al Khaimah (RAK) is progressing steadily.

The Phase one of the infrastructure comprises Island No.1, Island No.2 and the Peninsula, which was awarded to Kumho Industrial from South Korea, which began working in September 2008.
The Phase two infrastructure comprises Islands No.3 and 4, awarded to Italian contractor Rizzani De Eccher, who began mobilization in November 2009.

Completion is expected within 20 months as per the contract. However, the street lighting, roads and channel crossings for both phases will also be completed.

The project Director at Rakeen (project management authority for Al Marjan Island), Dr. Fawzi Shadid, said that about 80 percent of infrastructure services such as potable water system, irrigation system, storm water system, rising main system and vacuum system have all been finalized. The infrastructure facilities will be ready for a hook-up with their developments by the time the first developers on the island complete their projects.

The RAKIA CEO, Dr. Khater Massad, said that Being an unique investment opportunity, Al Marjan offers everything sought for by any investor, including wonderful location in white sandy beaches located just five minutes away from major industries of RAKIA free zone, an 18-hole golf course, completed Al Hamra Village, five and seven star international hotels, the Al Hamra Mall, and several other general services.

The developers at Al Marjan will enjoy 100 percent freehold ownership and construction regulations with maximum flexibility and service. Irrespective of whether it is residential, commercial or mixed-use property, Al Marjan welcomes all, as long as they are in sync with the community that is planned, Massad said.

Al Marjan Island was established aiming to re-define the lifestyle in RAK, where the luxury of living in an island is affordable. This iconic landmark will offer an unparalled work-life-balance, combining peaceful island living, with all amenities required in a self-contained community apart from great employment opportunities that are just within minutes of drive away.

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