Dutch dredger Van Oord has won a EUR100m ($133m) contract to build an island off the Dubai coast for a new mixed-use development to include luxury homes and an elite boutique resort.
Meraas Development, a unit of Meraas Holding has contracted Van Oord to build Jumana Island which will lie 500 metres off the coast.
Work on the project has started and completion is scheduled for the end of 2013, Van Oord said in a statement.
According to the Meraas website, the island project will have direct access from Jumeirah Road and will be linked to the mainland via a 300m-long bridge.
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