Dubai's Nakheel signs $654 mln construction contracts for

mixed-use project | Reuters

DUBAI, Sept 14 Dubai's Nakheel hassigned contracts worth a combined 2.4 billion dirhams
($653.49million) with three construction firms to help build aresidential and retail property project
in the city, thedeveloper said on Monday.
Nakheel, which agreed a $16 billion debt restructuring inAugust 2011, expects the development to
be completed in early2018, according to a company statement. This will include 1,540residential
units, plus retail, sports and dining facilities.

Nakheel signed an 830 million dirham contract with TrojanGeneral Contracting, a 789 million
dirham agreement with UnitedEngineering Construction and a 781 million dirham contract
withMetac General Contracting.
($1 = 3.6726 UAE dirhams) (Reporting by Matt Smith, editing by Louise Heavens)