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Dubai Islamic Bank Appoints Engineering Contracting Company For The Construction Of Badr Project Phase 1 On A DIB-Owned Land
(31 March 2016)

 

Dubai Islamic Bank (DIB) announced today that it has awarded the contract to Engineering Contracting Company (ECC L.L.C.) valued at AED 687 million to construct the Badr Project Phase 1. The project is part of a self-contained residential community that consists of five distinct zones with apartment buildings as well as a number of villas and other community buildings and recreational facilities. Abdulla Al Hamli, Managing Director at DIB, and Hatem Kamal Farah, Chairman and CEO at ECC L.L.C. inked the deal in a signing ceremony held on March 29 at DIB Headquarters.

The Badr Project boasts an unmatched location at the intersection of two key traffic arteries, namely Sheikh Mohammed Bin Zayed Highway E311 and Al Khawaneej or Airport Road, giving it easy and quick access to most of Dubai and to routes of other UAE cities. It is neighboured by well-established residential areas such as Mirdif, Rashidiya, Muhaisnah1/Mizhar and Towar. The community will have a Mediterranean theme, inspired by elements of Andalusian, Spanish and Italian architecture that marries the urban environment experience with a focus on encouraging outdoor activities and healthy living through its well-connected facilities. The master development, Badr, with a total built-up area of 13.8 million sqft will be developed across five phases and the first phase with a built-up area of 2.2 million sqft is expected to be completed by 2018. Phase 1 is located centrally within the overall project adjacent to a central park with mixed-use and retail facilities. And as such, Badr Project Phase 1 promises to be one of the rarest and unmatched quality living experience.

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