Dubai – Mubasher: Habtoor Leighton Group (HLG) was awarded a contract worth AED 500 million ($136.122 million) for the construction and land preparation of Gate Avenue development at Dubai International Financial Centre (DIFC).
Construction will soon begin on the project, according to a statement.
The development is already valued at around AED 450 million ($122.51 million) with the existing truck tunnel and master plan infrastructure in place.
The new contract will raise the project’s full cost to an estimated of AED 1 billion ($272.24 million).
The project first phase is scheduled to be completed by the end of 2017.
