Government-linked Ras Al Khaimah Investment Authority (RAKIA) in May 2009 has awarded Rizzani de Eccher RAK FZ LLC with the project for the Development of Islands 3 and 4 at Al Marjan Island – Road Works and Infrastructure Works.
The project, worth AED 392 million, is financed by a syndicate of banks led by HSBC, with the enhancement of export credit guarantees secured from SACE.
The project, with an execution period of 24 months, consists of urbanization and basic infrastructure works for several artificial islands which will host resorts and sports facilities. More precisely: 200,000 sqm of roads, 6,800 m and 6,900 of depressurized and pressurized sewage pipes respectively, drainage pipes for 16,000 m, an 11,400 m aqueduct, a fire-dousing and irrigation network for 9,600 m, an HV and LV power distribution grid (comprising of cables for 67,000 m), a telecommunication network with 43,000 m in optic cables, a complete street lighting system (with cables for 12,500 m and over 220 posts) and finally two bridges on piles (80 m x 40 m) linking islands 3 and 4 with island 2.