Dubai’s Nakheel awards $6.4mn contract for piling work at PALM360 on Palm Jumeirah
Developer Nakheel today awarded a contract worth more than $6.4mn contract for piling work at its iconic, 260 metre PALM360 luxury hotel and residential project on Dubai’s Palm Jumeirah.
The company has named the Dubai branch of BAUER Spezialtiefbau GmbH, headquartered in Germany, for the work, which will take four months to complete.
The milestone was marked today (Tuesday) at Expo Real in Munich, where Nakheel is currently showcasing $15.79bn worth of projects, including PALM360.
SEE ALSO:
- NPCC wins $450m contract from ADNOC to build offshore field
- $1.5bn Offshore concession agreement signed by OMV and ADNOC
- Saudi Aramco has revealed the six prequalifying firms for its $6bn Berri oilfield project
- Read the latest issue of Business Chief, Middle East edition, here
The process will involve driving almost 600 piles as far as 54 metres below ground in preparation for the construction of PALM360 which will be the tallest structure on Palm Jumeirah. The construction tender is expected to be released in Q1 2019, with project completion in 2021.
PALM360 comprises the Raffles, The Palm Dubai Hotel and Raffles Residences PALM360. The project will also boast the world’s largest sky pool, connecting the two towers 170 metres above ground, as well as a host of dining, leisure and wellbeing facilities.
Located on Palm Jumeirah’s western crescent in 500,000 square feet of landscaped grounds, PALM360 will offer the ultimate in luxury living and leisure. Complementing 125 Raffles hotel rooms are 331 Raffles-branded residences, including 16 ultra-plush penthouses spanning up to 12,000 sq. ft – equivalent to four tennis courts. Each penthouse has its own infinity pool, gym, home theatre and as the name suggests, 360-degree views of Dubai.