Nakheel awards $50.2m Ibn Batutta hotel contract
Parkway International Contracting has been appointed as the main contractor on Nakheel’s second hotel at Ibn Batutta Mall
Parkway International Contracting, a Dubai-based firm, has been awarded a $50.2m (AED184.5m) contract to construct Nakheel’s second hotel at Ibn Batutta Mall.
The 375-key hotel has a total project value of $65.3m (AED240m), Dubai Media Office reported.
The new hotel forms part of Nakheel’s $816m (AED3bn) hospitality expansion under which the developer is bringing 16 new hotels and serviced apartment complexes – with 5,300 rooms – to Dubai.
With a built-up area of 2.5ha, the 15-floor Avani Ibn Battuta Mall features an all-day restaurant, pool, gym and car park for 135 vehicles.