RAK Properties awards contract to China Harbor
RAK Properties (PJSC), the premier real estate development company of Ras Al Khaimah, has recently contracted with the China-based China Harbor Engineering Company (CHEC) for the construction of the marine works of Mina Al Arab Project in Ras Al Khaimah for an estimated AED 67 million.
Mina Al Arab is expected to become one of the elite resort destinations in the region with its 3 sq KM. mixed use leisure and holiday beach resort situated along the Arabian Gulf in the Emirate of Ras Al Khaimah.
Mohammed Sultan Al Qadi, Managing Director, RAK Properties, said "Mina Al Arab is one of RAK Properties' premier projects in the region, aiming at developing the emirate of RAK into a primary touristic destination. RAK Properties is committed to provide high quality developments catering for the region's demand that goes in parallel with the boom in the real estate sector the region is witnessing."
Currently, the emirate of Ras Al Khaimah is undertaking a major change in its infrastructure and development projects triggered by the emirate's Deputy Ruler & Crown Prince, Sheikh Saud bin Saqr Al Qasimi and led by the vision of Sheikh Saqr Bin Muhammad Al Qasimi, Ruler of Ras Al Khaimah.
Many high quality projects have recently been launched as part of the emirate's plans for progress and development with the majority of projects undertaken by RAK Properties.
China Harbor's work at Mina Al Arab is expected to be completed by the end of year 2006.
China Harbor (CHEC) is a large group of companies mainly engaged in the construction of harbours, dredging, irrigation, environmental protection and public works.