Abu Dhabi developer Jubail Island Investment Company awarded a Dh86 million contract to Gulf Contractors Company (GCC) to build an interchange at its Jubail Island mega project.
GCC will construct a new interchange, connecting Sheikh Khalifa Highway to the development’s internal road network. Work on the interchange is expected to be complete by August 2021.
“The Jubail Island project is proceeding on schedule, with crucial infrastructure works already being executed in a timely manner and in accordance with highest international standards,” Mounir Haidar, managing director of JIIC said.
Jubail Island, a mixed-used project located between Yas Island and Saadiyat Island, spans 400 hectares and is made up of a mix of high-end and mid-range residential, retail, offices and restaurants. The total investment in the project is Dh5 billion.
It will be split into six investment zone villages – Marafaa Al Jubail, Nad Al Dhabi, Seef Al Jubail, Ain Al Maha, Souk Al Jubail and Bed’a Al Jubail – with freehold property available for sale to both Emiratis and non-Emiratis under the emirate’s new freehold ownership rules enacted last year.
JIIC said to date infrastructure contracts valued at Dh486m have been approved and are currently underway at the project.
“With infrastructure works starting in early January 2020, we are excited to confirm that works on villa construction will begin by year end, and villa handover is slated for 2023,” Mr Haider added.
JIIC also awarded a Dh200m contract to GCC last month to undertake other infrastructure works at the project.
Abu Dhabi’s real estate sales are expected to increase during the second half of 2020 on the back of government initiatives and incentive packages offered by various developers, according to the latest report from Chestertons.
More than 5,200 apartments are scheduled for completion during the second half of the year, with Al Maryah Island, Al Reem Island and Al Raha set to see the majority of new supply, according to the report. About 1,700 apartment units were completed during the second quarter.
The Pope's itinerary
Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport
Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial
Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
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How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
