Subject:Diamond Investments Strengthens Relations with Belhasa Engineering and Contracting
27th March 2006, Dubai, UAE-Diamond Investments has awarded Belhasa Engineering and Contracting with the contract for the construction work for a further two buildings in the Marina Diamond series.
Following the success of Belhasa Engineering and Contracting work on Marina Diamond's One, Three and Four, Diamond Investments has rewarded the company with responsibility for Marina Diamond Five and Marina Diamond Six.
This appointment comes following the successful completion of Marina Diamond One in February and the continually impresive costruction work on Marina Diamond Three and Four which started at the beginning of 2006.
The construction phase will begin on Marina Diamond Five and Marina Diamond Six next month, scheduled for completion for Marina Diamond Five on 30 June 2007, and Marina Diamond Six on 31 august 2007.
After signing the deal earlier this week, Faris Saeed, General Manager for Diamond Investments commented, "In recognition of Belhasa's successful involvement in the first towers, we selected the company again for the remaing two buildings, in preference to its major competitors, to complete the construction of the final two towers in Marina Diamond family. Belhasa has proved reliable in terms of realistic deliverables meeting time, quality and budget. In response, we would like to build upon this partnership to strengthen what has the potential to be a great business relationship. With over 60 property developers currently active in the Dubai Marina, Diamond Investments is the second largest real estate company in the development, in terms of the number of projects we currently have under construction. As we continue to grow, relationships such as this will become increasingly important to us in the future."
With the six Marina Diamond projects currently under various stages of planning or construction, Diamond Investments is creating 1300 new units in the Dubai Marina. The apartments have met with exceptional market response and availability is now limited.