Nakheel invests US$ 31 mn in roads and bridges
Posted on 27th June 2019
According to *Arabian Business news report, master developer Nakheel said on Wednesday it is investing AED114 million ($31 million) in roads and bridges giving direct access to Al Khail Avenue, its new retail, dining and entertainment development at Jumeirah Village in Dubai.
Nakheel, which is funding the roads project in full, said it has appointed Wade Adams Contracting to build the access routes, with the Roads and Transport Authority (RTA) overseeing the construction.
Under a contract signed Wednesday, work will begin immediately and is due for completion next year.
The links will take motorists directly from Al Khail Road into Al Khail Avenue’s 4,000-space multi-storey car park, providing entry to and exit from the mall, which is under construction on the edge of Jumeirah Village Triangle.
Operated by Nakheel Malls, the retail arm of Nakheel, Al Khail Avenue will have 350 shops, restaurants, entertainment outlets and services, and be connected to a 267-room hotel, operated under the DoubleTree by Hilton brand.
Opening in 2020, Al Khail Avenue will serve hundreds of thousands of residents living and working in JVT and surrounding areas, including Nakheel’s Jumeirah Village Circle, Jumeirah Islands, Jumeirah Park and Al Furjan residential communities, and commercial hubs such as JAFZA and Dubai World Central.
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