Foreign developers approach Diamond over TSC model
Diamond Developers has been approached by several international outfits interested in replicating The Sustainable City (TSC) model in countries outside the UAE
Diamond Developers has revealed that it has been approached by several international outfits looking to replicate The Sustainable City (TSC) model outside the UAE.
TSC, which is located in Dubai and scheduled to complete in 2016, is being touted by Diamond as the GCC’s first genuinely sustainable community.
The firm told Construction Week that developers from other Middle Eastern countries had registered their interest in the concept.
Commenting on the approaches, Diamond’s CEO, Faris Saeed, said: “We have been approached by developers in Saudi Arabia and Egypt. They want to develop new projects according to the same concept. It’s too early to mention any names, but we are in discussions at present.”
TSC will feature 10,000 trees, 10MWp of solar production, a green spine, and its own farm. 100% of its waste and water will be recycled, and the majority of the community’s energy demand will be generated on site through renewable resources. Although Diamond’s first sustainable project, the developer has said that it will focus exclusively on this type of project from here on in.
Saeed predicts his company will be in a position to reveal further details about future projects early next year, following the successful completion of TSC’s Phase 1.
“Hopefully, [we’ll be ready to make an announcement] at the beginning of 2016,” he said. Firstly, we want to finish TSC – at least Phase 1 – and make it operational. We’ll then be able to start showing people what we’ve done. From this point, the concept’s expansion will accelerate.”
For now, Diamond and main contractor, Jeet Building Contracting, will concentrate on delivering the first phase, which is on course to complete by the third quarter of 2015. The second phase of the development will be completed before the end of next year.