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Jeddah Central Development Company signs US$3.2 Bn contracts

Staff Writer | Feb 12 2024

Ventures Onsite Construction News Update

In the news this week

Kempinski Group launches Kempinski Marina Residences

Devmark, ABA Group and Kempinski Group announced the launch of Kempinski Marina Residences, which will feature a curated collection of 453 sophisticated apartments, ranging from one to five bedroom duplexes, located in Dubai Marina.

Designed by Arkiplan, the development features a fully equipped business centre, an outdoor adult infinity pool, a children’s pool, a golf simulator, an indoor games room, a library, and an exclusive 25-seater private movie theatre.

WakeCap launches new on-site location tracking service 

WakeCap Technologies, a leading technology provider to the construction industry officially launched VerifyTime this week. A new service that leverages the on-site location tracking capabilities of the WakeCap technology – to provide real-time digital support for automated site attendance, workforce management and site productivity. VerifyTime provides actionable insights for improved construction site efficiency.

Select Group partners with ECC for The EDGE project

Select Group awarded the main construction contract worth US$178.32 Mn for The EDGE project in Dubai’s Business Bay to Engineering Contracting Company (ECC). The twin tower development, with a built-up area of 1.423 million square feet and a total of 1,030 units, is designed by Killa Design.

TechanMAG awards a contract for The Ritz-Carlton Residences

TechanMAG awarded a US$762 Mn contract to Cecepd Middle East for the construction of The Ritz-Carlton Residences, Dubai, Creekside part of the Keturah Resort. The project comprises 249 residences across seven buildings and 12 mansions, each featuring exclusive yacht parking for residents.

Dutco and Ellington Properties launch Art Bay

Dutco and Ellington Properties have announced the launch of Art Bay, an upscale residential development in Dubai’s Al Jaddaf. 

The development will include 266 well-designed studios and lavish one, two, and three-bedroom apartments along with retail space, yoga studio, fitness studio, theatre-inspired clubhouse, a youth hub and a rooftop arts club.

JCDC signs US$3.2 Bn contracts 

In Saudi Arabia, Jeddah Central Development Company (JCDC) signed contracts worth US$3.2 Bn for the construction of a stadium, an opera house and an oceanarium, in addition to the infrastructure and utilities facilities as part of Phase One of Jeddah Central. 

The contracts for the oceanarium and opera house were secured by Modern Building Leaders Company while the contract for the stadium was awarded to a consortium of the Saudi unit of China Railway Construction Corporation and Sama Construction for Contracting.

IL Cazar Developments launches The Crest project

In Egypt, IL Cazar Developments has launched its latest project, The Crest, a residential project covering an area of 158 feddan in New Cairo. The project, with a total investment of about US$1.94 Bn will have 3,000 residential units.

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