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CIMIC investment, HLG, awarded AED490m project in Dubai

Middle East‐based contractor HLG, in
which CIMIC Group has a 45% investment, has been awarded a contract
with revenue of AED490 million (A$177 million)¹ for the construction of
the Gate Avenue at DIFC Project in Dubai, UAE, for Dubai International
Financial Centre (DIFC).

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Building on the existing DIFC Truck and Service Tunnel, Gate Avenue at DIFC extends from Marble Walk to Central Park Towers, a distance of approximately 880 meters.

Gate Avenue at DIFC is set to emerge as a premium lifestyle destination offering vibrant and world‐class amenities to the financial centre’s diverse community of professionals, residents and visitors. The project will also provide seamless connectivity to all building podiums within the district.

The total built up area will be approximately 61,000 sq. m. and consist of a reinforced concrete structure and a mosque spanning three levels, steel nodes with glass cladding, mechanical, electrical and plumbing works, finishing and cladding.

The development will comprise more than 200 dining, shopping, cultural experiences and entertainment options.

CIMIC Group Chief Executive Officer Adolfo Valderas said: “HLG is pleased to have secured this premium entertainment project and further enhanced its relationship with DIFC.

“With HLG’s excellent track record in the region, the company has a strong future and is well positioned to continue to deliver exceptional results for its clients.”

Works will commence shortly. The first phase is set for completion by the end of 2017.

1Using the exchange rate of AED$1=A$0.362