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Arabtec wins $193m Dubai tower contract |
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Arabtec Holding, the biggest construction company in the UAE,
said on Sunday it had won a building contract valued at AED710 million
($193 million) to build the first stage of an 80-storey tower
comprising a five-star hotel.
The Dubai-based company’s Arabtec Construction unit received a
“letter of award” from Tasameem Real Estate Co, of Abu Dhabi to build
“P17 Tower” on Sheikh Zayed Road, Dubai, according to an company
statement posted on the Dubai Financial Market website.
It said
the project would take 38 months to complete, adding that the tower had
been designed by Atkins and comprised 80 floors, including a luxury
hotel, furnished apartments, offices and a health club. Last
week, Arabtec Construction announced it had won a $190m contract to
build the Bridge Towers office and hotel project at West Bay, Doha in
Qatar.
The project comprises two buildings, one with 45 floors of office space and a 45-storey five star hotel.
Source - www.arabianbusiness.com
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