Middle East-based contractor HLG, in which Cimic Group has a 45% investment, has been awarded a contract with revenue of $133m (AED490 million) for the construction of a retail development, Gate Avenue, in the Dubai International Financial Centre (DIFC).
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.
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 around 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.
Image: Artists render of Gate Avenue