Al Futtaim-Carillion lands deals in Dubai

expat network

Al Futtaim-Carillion lands deals in Dubai

Dubai-based developer Meraas has awarded two major construction contracts to the Al Futtaim-Carillion joint venture.

The bigger of the two projects is a $350m contract to build a mixed-use development on the Dubai Creek waterfront. The project includes food, beverage and other retail buildings, underground and multi-storey car parks, three hotels, a mosque, museums, traditional workshops and a market.

Meraas also selected AFC to construct its $240m ‘La Mer’ at Jumeirah in Dubai. The project involves the construction of a mixture of top-end retail and public-facility buildings, together with substantial external landscaping to create over 1km of beach-themed frontage.

The development will spread across 9.5 million square feet of existing and reclaimed land and will be comprised of four distinct zones – the beach, a leisure and entertainment hub, North Island, and South Island.

On North Island and South Island, La Mer will include fully integrated residential neighborhoods that comprise a total of 688 apartments and villas as well as a 160-key hotel to meet the expected influx of tourists. The project will also launch a range of retail and F&B concepts, some beach activities.

According to Meraas website, La Mer’s “core value of the project is its leisure and entertainment hub that adds a whole new dimension through its offerings that focus on water play, beach sports in addition to skate boarding, outside gymnasia and youth activities. As part of its leisure and entertainment component, the project will additionally include two marinas for yachts, and a park.

Carillion Chief Executive, Richard Howson, said: ”We are delighted to have been selected as the preferred bidder for these two major contracts. This reflects our reputation for high-quality and reliability and we look forward to working with Meraas to deliver these prestigious projects*

Source: Construction News online

Link: http://tinyurl.com/qbqcdux

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.