£140m Dubai Contract for Interserve Associate

Interserve's Dubai associate company, Khansaheb Civil Engineering, has won a contract worth 1 billion UAE dirhams (approximately £140 million) to develop the infrastructure for the first phase of Al Furjan, a family-oriented residential community in Dubai. Interserve's share of the revenue will be £65 million.

The contract has been awarded by Nakheel, one of the world's largest property developers and master developer of Al Furjan.

 

Al Furjan, meaning "a collection of houses or a small village", will ultimately include more than 4,000 homes in four communities. Phase One will create over 2,000 villas and terrace homes, a range of commercial and residential apartments and mixed-use plots with supportive retail centres. Khansaheb will build the infrastructure to support the communities including roads, power, water, sewerage and lighting.

Each of the four communities will be defined by its individual neighbourhood centre. These centres, along with other amenities such as schools, will be situated within easy walking distance of homes. The development is designed for the family with open spaces integrated into the master plan to provide areas for children to play and families to interact.

Adrian Ringrose, Chief Executive of Interserve, said, "This is a significant contract for us and demonstrates the continued vibrancy of the construction market in the region. We are proud to be working with a developer of Nakheel's stature on such an exciting project."