Land reclamation work on the first phase of Nakheel's The Universe development is expected to begin by the end of the year, Chris O'Donnell, the chief executive, said.
The Universe will be made up of a collection of reclaimed islands built between The Palms Jumeirah and Deira, and in front of The World, which are all being developed by Nakheel for an undisclosed amount.
The project will take between 15 and 20 years to complete and will cover 2,500 hectares.
"The first proportion of the The Universe has been designed up to the point where we should be able to commence reclamation work within the next two to three months," Mr O'Donnell said.
He declined to name the potential contractors, but said: "There are only two or three in Dubai and they all work for us."
The Universe is expected to include a number of mixed-use projects incorporating commercial, residential and tourism elements.
Earlier this week the company revealed plans to build a one-kilometre high tower as part of its Nakheel Harbour & Tower project.
agiuffrida@thenational.ae
Company%20Profile
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For first two Test in India Joe Root (captain), Jofra Archer, Moeen Ali, James Anderson , Dom Bess, Stuart Broad , Rory Burns, Jos Buttler, Zak Crawley, Ben Foakes, Dan Lawrence, Jack Leach, Dom Sibley, Ben Stokes, Olly Stone, Chris Woakes. Reserves James Bracey, Mason Crane, Saqib Mahmood, Matthew Parkinson, Ollie Robinson, Amar Virdi.
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Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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Torque: 230Nm
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Starting price: Dh79,000
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Dominic Rubin, Oxford
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Blackpink World Tour [Born Pink] In Cinemas
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Directors: Min Geun, Oh Yoon-Dong
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