Chinese company CSCEC wins a contract worth $1.2 billion for the Al Jazeera project in Dubai

China State Construction Engineering Corporation (CSCEC)GMC, based in Beijing, has been awarded a major contract worth 4.4 billion UAE dirhams (1.2 billion US dollars) to build the project. Al Jazeera Projectrepresenting the largest deal since 2017.

The island project welcomes MGM, Bellagio and Aria to its horizon

Al Jazeera ProjectLocated on a 10.5-hectare island off the coast of Umm Suqeim, it is expected to become a luxury destination featuring famous hotel brands such as MGM, Bellagio, and Aria. The possibility of these high-profile brands entering Dubai has sparked speculation Potential gambling facilities If the UAE decides to legalize it MBE Middle East.

Development It is expected to offer a variety of amenities, including 1,400 hotel rooms and apartments, along with retail, dining and entertainment options. The German company Buro Kling Architectural Engineering Consultants plays a pivotal role as the main and structural consultant, along with the local company APCC, which is supervising the excavation work.

The timing of this important event coincides with A Increase in optimism For the project market in Dubai, this is evident in the recent approval of the extension of the Blue Line in the Dubai Metro network worth $4.9 billion. Strategically located near Jumeirah Beach Hotel and Marsa Al Arab, the island project adds a new dimension to Dubai’s evolving skyline and urban landscape.

Triumph of the Chinese Chinese Construction Company The acquisition of the island project follows its previous successes in Dubai, including the main works contract worth AED 886 million ($241 million) for Damac Properties’ 71-storey Cavalli Tower and the W-Residences project awarded by luxury real estate developer Dar Global.

with Brand value: $31.9 billion in 2022As featured in the Brand Finance Engineering and Construction 50 2023 report, CSCEC is the world’s largest transnational conglomerate, known for its expertise in civil and industrial engineering, real estate development, and home construction.

Wynn Resorts is redefining luxury in Dubai with a $3.90 billion casino resort

MGM is not the only gambling company trying to set foot in Dubai. Wayne Resorts She advances with her pioneer A $3.90 billion integrated casino resort On the artificial Al Marjan Island in Ras Al Khaimah, United Arab Emirates, it is scheduled to launch in early 2027.

Partnership with local entities coral And Ras Al Khaimah Hospitality HoldingWynn ensures compliance with stringent UAE regulations. The project is led by ALEC Engineering and Contracting Companyhas progressed smoothly since March, reflecting Wynn’s commitment to the region’s growing demand for luxury gaming and resorts.

Recent images revealed an elegant hotel tower reminiscent of the Las Vegas Strip, featuring 1,500 hotel rooms, expansive gaming areas, a spa, entertainment facilities and a luxury shopping mall.

The $3.90 billion investment demonstrates Wayne’s great commitment to the UAE’s hospitality sector, with the aim of meeting the growing demand for luxury destinations in the Middle East.