Beijing-based China State Construction Engineering Corporation has been awarded the contract by local developer Wasl to build a $1.2 billion development in Dubai slated to host MGM Resorts-owned hotel brands MGM, Bellagio and Aria.
According to a report by local business intelligence outlet MEED, The Island project – located off the coast of Umm Suqeim – represents the largest construction deal signed in the emirate since 2017.
Covering the full breadth of the 10.5-hectare island, it will incorporate the three MGM-linked hotel brands with a combined 1,400 rooms, plus various retail, food and entertainment options.
While a casino is not currently part of the development’s plans, MGM Resorts CEO and President Bill Hornbuckle said during an investor presentation in September the company was preparing a 150,000 square foot space that could be converted into a casino should rumored casino legislation pass in the near future.
