Dubai’s Nakheel awards new hotel construction contract to Parkway International

21/03/2017 Argaam

Property developer Nakheel has awarded a construction contract worth AED 184.5 million to Dubai-based Parkway International Contracting, which will build a second hotel in Dubai at Ibn Battuta Mall.

 

The 375-room hotel has a total project value of AED 240 million, Nakheel said in a statement.

 

Parkway International Contracting L.L.C. is a part of Al Shafar group of companies, which includes over 15 subsidiaries, according to the company’s official website.

 

The new hotel will be operated by Thailand’s Minor Hotel Group under its AVANI brand.

 

“It forms part of Nakheel’s AED 3 billion hospitality expansions under which the developer is bringing 16 new hotels and serviced apartment complexes – with 5,300 rooms – to Dubai,” the statement added.

 

Last month, the company announced AED 850 million-worth of new projects across Dubai.

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