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Dubai-based Easa Saleh Al Gurg Group to float tenders for three projects in H2 2017
13 July 2017
By Megha Merani
The real estate arm of the United Arab Emirates-based conglomerate Easa Saleh Al Gurg Group LLC plans to issue main construction tenders for three projects in the country in the second half of 2017, a company executive said.
The group's real estate holdings in the UAE include office, retail, industrial and residential properties, including buildings in Deira Creek, Mankhool, Jumeirah and Karama.
"Probably in the next (second) half of the year we will issue three tenders for projects," Abdulla Al Gurg, group general manager of Easa Saleh Al Gurg Group LLC, told Thomson Reuters Projects during an interview in May.
The new developments include a 300 apartment building in Dubai's Al Mamzar area, for which a tender is expected in the third quarter of the year.
On the commercial real estate side, the company also has plans for a unified warehousing complex for the entire Group in Jebel Ali, as well as a new warehouse and commercial complex in the emirate of Sharjah.
"Most of them (the projects) are in building permit stage and early construction... mainly residential and warehousing," Al Gurg said.
"We are now in a phase of developing all our remaining empty properties ...to make sure that we take advantage of what is currently available of our land bank."
The Easa Saleh Al Gurg Group LLC, founded in 1960, is a multidivisional conglomerate with 28 companies. The group's product and business interests predominantly include retail, building and construction, industrial and joint ventures.
© Zawya Projects News 2017