Page 27 - Annual Report 2019

Golf View Apartments, Dubai/UAE

Further, in Abu Dhabi, we have been awarded with a 359 million In Libya, which is the last country in our field of activity in North
AED high-rise building contract for construction of Corniche Africa, our activities were, unfortunately, suspended due to sad
Tower Project which is planned to be completed by June 2020. events experienced in the country and we are currently spending
Project scope consist of construction of 43 story high-end our efforts to resume our work within the framework of our
Residential Building including Retail and Office spaces with a Coastal Highway Algarabolli – Misuratah Section Project
total build-up area of 66.945 m². including the rehabilitation of 160 km long dual highway, Tripoli
Al Fateh University Economy and Law Faculties, Physical
In Dubai, in addition to 4 residential project contracts we Education Faculty and Campus B Infrastructure Works Projects.
have signed in 2017, we have been awarded with 1 more
contract in 2018 by EMAAR which is one of the biggest In Georgia / Batumi, Sheraton Hotel, which was successfully
developers of the UAE. completed and owned by our company receives high
praises. Business development efforts in the region are
Emaar Beach Vista project contract was signed within 2018 still growing quickly.
for a price of 410 million AED. 33 and 26 story residential
towers will be constructed on Dubai Harbour and planned to Our business development activities within the scope of our
completed by April 2021. overseas activities are rapidly progressing. In addition to our
initiatives in the Gulf Region and mainly in Algeria, Qatar, Saudi
174 million AED worth residential project for construction of Arabia, UAE, Oman and Romania, we are also carrying out
Golf View Apartments consisting two G+P+11F+R residential our activities in various countries in North Africa, Sub-
buildings and fourteen townhouses and associated hard and Saharan Africa, Kosovo, Albania, Macedonia,
soft landscaping works at Plot GA09 of Dubai South with a total Montenegro, Kuwait, Kazakhstan, Azerbaijan, Pakistan
closed area of 47.187 m². Project is at completion stage.
and India.
Another 227 million AED worth of residential project for Through its works briefly mentioned above, NUROL
construction of Golf View Villas consisting 204 Units Villas Construction and Trading Co. Inc. is carrying the justified pride of
and hard and soft landscaping works at Plot GA14 of Dubai its successful history to the future with a young and dynamic
South with a total BUA of 53.239 m² is planned to complete spirit which it has not lost since the very first day of its foundation.
by June 2020.

The Cove Buildings project consist of 3 residential towers of NUROL CONSTRUCTION AND TRADING CO. INC. (Thousand TL)
Block C - 2B+G+M+9+R, Block D - 2B+G+21+R and Block J
-2B+G+6+R, over one common podium incorporating towers 2017 2018 2019
on Plot A.020 of Dubai Creek Harbour with a total closed area of TOTAL ASSETS 6.496.406 8.518.650 9.130.078
76.136 m². 310 million AED worth contract planned to complete SALES INCOME 2.421.588 3.744.833 4.201.005
by July 2020. EBITDA 550.814 951.525 597.743
Figures are taken from the consolidated financial statements in accordance with IFRS.
Finally, a 406 million AED worth residential project contract for
construction of Creek Gate Towers which consists of 33 and 40
story twin residential towers over one common podium on Plot
32 of Dubai Creek Harbour with a total closed area of 100.889 m²
planned to complete by April 2020.

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