Dubai developer Nakheel has awarded a contract worth US$102mn to Gulf Technical Construction Company to build The Pointe at Palm Jumeirah
GTCC, a subsidiary of Drake & Scull, is expected to mobilise the deal before the end of February. Costing US$217mn, The Pointe, spread across 136,000 square metres, is due for completion in 2016.
Located opposite The Atlantis, The Pointe is a retail and entertainment complex, which includes a diverse range of shopping, dining and entertainment facilities and a fountain display.
The Pointe will be accessible via The Palm Monorail system, which will soon be connected to the mainland tram system, while water taxis will shuttle visitors across the bay from nearby hotels directly to The Pointe's marina.
This is one of several new Nakheel developments underway at Palm Jumeirah. Other projects include the Nakheel Mall and Hotel, The Boardwalk and Palm West Beach.
