Posted by Bob Brunskill
Ras Al Khaimah Investment Authority (RAKIA) has announced that the infrastructure work on Al Marjan Island, the first man-made island in Ras Al Khaimah, is progressing at a good pace.
Phase one of the infrastructure, which includes the peninsula and islands one and two, was awarded to Kumho Industrial from South Korea, who began work in September 2008.
Meanwhile, the Italian contractor Rizzani De Eccher began work on phase two of the infrastructure, which comprises islands three and four, in November 2009.
Their contract foresees completion of all activities within 20 months, by which time the roads, street lighting and channel crossings for both phases should be completed as well.
Rakeen, the appointed project management firm for Al Marjan Island, confirmed that about 80 per cent of infrastructure services had been finalised, adding that by the time the first developers on the island complete their projects, all infrastructure facilities would be in place.
Khater Massaad, chief executive of RAKIA, said: "Al Marjan Island is a unique investment opportunity that offers everything an investor can wish for: An excellent location alongside kilometres of beautiful white sandy beaches and in 5 minutes driving distance to the major industries of RAKIA's free zone."
This week, Kleindienst Group announced that it had begun construction on its Heart of Europe project at the offshore Dubai island development, The World.