Daily Newsletter

24 September 2024

Daily Newsletter

24 September 2024

JIIC awards Jubail Town Centre contract to UAE’s BAGC 

Apartments at the site will come in different configurations such as studios, one-, and two-bedroom.

Upasana Mukherjee September 24 2024

Jubail Island Investment Company (JIIC) has granted the construction contract for Jubail Town Centre, a new lifestyle destination on Jubail Island in the United Arab Emirates (UAE), to Bright Accord General Contracting (BAGC).  

The Dh400m ($108.89m) contract includes the development of four office buildings and two residential buildings, known as Jubail Terraces buildings seven and eight, according to a press release posted on Zawya.  

Jubail Town Centre is designed to be a family-friendly hub with direct access to the E12 Highway, featuring commercial properties, low-rise residential buildings, green spaces, walkways, and seating areas.  

It will include a mosque, a medical clinic, a nursery, a supermarket, fitness centres, more than 40 retail outlets, food and beverage pavilions, campus-like offices, and more. 

Additionally, Jubail Terraces will offer luxury apartments in various configurations, catering to a range of preferences with studios, one-, two-, and three-bedroom units, as well as duplexes.  

Retail spaces will be anchored by a Spinneys-branded supermarket and the Redwood Centre of Excellence nursery. 

JIIC Corporate director Abdulla Saeed Al Shamsi said: “JIIC is committed to delivering high-quality developments that enhance the lives of residents and visitors to Jubail Island.  

“Jubail Town Centre is a testament to our vision of creating a dynamic community that harmonises with the natural beauty of Jubail Island. We are thrilled to embark on this project with Bright Accord General Contracting Company and look forward to the successful completion of this exciting project”. 

The ground-breaking for the Town Centre is scheduled for the third quarter (Q3) of 2024, with a completion target set for Q3 2026.  

Owned by JIIC and developed and managed by LEAD Real Estate Developer, the overarching Jubail Island will encompass six residential villages.  

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close