Excavation begins at $8.1bn Dubai Wholesale City
Port Saeed Transport and Building Contracting Company has commenced excavation works spanning 1,254ha that will move enough sand to fill 10,000 Olympic pools
Port Saeed Transport and Building Contracting Company (PSTBC) has commenced excavation works spanning 1,254ha (135 million sqf) at the Dubai Wholesale City site.
The 5,109ha (550 million sqf) integrated development was valued at $8.1bn (AED30bn) at the time of its launch this March by Vice President and Prime Minister of the UAE and Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum.
At a ceremony attended by numerous officials from the TECOM Group, it was announced that the operation would see enough sand and soil moved to fill 10,000 Olympic pools.
Development work will be carried out alongside grading operations to speed up infrastructural work.
PSTBC's contract scope also includes the construction of a 15km dual carriageway to link the UAE's Mohammed Bin Zayed Road and Emirates Road.
The new road will be connected to the main components of Dubai Wholesale City, which are expected to house food, building materials, and equipment companies.
Remarking on the project, Abdulla Belhoul, CEO of Dubai Wholesale City, said: "The commencement of construction on this mega project marks a new chapter in transforming our vision into reality.
"Once complete, Dubai Wholesale City will leverage Dubai’s strategic geographical position to emerge as a key player in global wholesale trade."
Mohamed Obaid Al Shaali, general manager of PSTBC, said: "We are pleased and proud to work on a global project such as Dubai Wholesale City.
"We have brought on-board the extensive experience of our team to ensure this mega project is completed and delivered in a time-bound and efficient manner on par with best international standards."