CSCEC Wins $1.2 Billion Contract for The Island Project in Dubai

China State Construction Engineering Corporation (CSCEC), headquartered in Beijing, has triumphed in securing a substantial contract worth AED4.4 billion ($1.2 billion) for the construction of The Island project, marking the largest deal since 2017.

The Island project, situated on a 10.5-hectare island off the coast of Umm Suqeim, is set to become a lavish destination, featuring prestigious hotel brands such as MGM, Bellagio, and Aria. Speculation about potential gambling facilities has arisen if the UAE chooses to legalize it, given the presence of these high-profile brands.

The development plans to offer an array of amenities, including 1,400 hotel rooms and apartments, as well as retail, dining, and entertainment options. German firm Buro Kling Architectural Engineering Consultants is playing a key role as the main and structural consultant, with local firm APCC overseeing the earthworks.

This achievement aligns with Dubai's optimistic project market, exemplified by the recent approval of the $4.9 billion Blue Line extension in the Dubai Metro network. The Island project's strategic location near the Jumeirah Beach Hotel and Marsa al-Arab adds a fresh dimension to Dubai's evolving skyline and urban landscape.

CSCEC's success with The Island project follows earlier victories in Dubai, including the AED886 million ($241 million) main works contract for Damac Properties' 71-storey Cavalli Tower and the W-Residences project awarded by luxury real estate developer DarGlobal. With a brand value of $31.9 billion in 2022, CSCEC remains the world's largest transnational conglomerate in the engineering and construction sector.

In a similar vein, Wynn Resorts is making waves in Dubai's entertainment industry with its $3.90 billion casino resort project on Al Marjan Island in Ras Al Khaimah, scheduled for a 2027 launch. Partnering with local entities Marjan and RAK Hospitality Holding, Wynn Resorts is poised to meet the Middle East's growing demand for luxury gaming and resorts, further reshaping the region's hospitality sector.