Arabtec wins $187m job
01 September 2009
ARABTEC has won a contract worth Dh687 million ($187 million) for the construciton of the Onyx Towers located on Sheikh Zayed Road, next to Emaar Business Park, in Dubai.
Developed by Ishraqah – a real estate development company owned by Al Zahran Group and Bin Mahfouz Group of Saudi Arabia – the Onyx Towers is a multi-purpose freehold development to be built on a 22,000-sq-m plot with a total built-up area of 202,800 sq m. It will consist of three buildings: a 16-storey tower and a 25-storey tower with amenities, office and retail space, and a 14-storey, four-star business hotel with 10 suites and 200 rooms. The project also features 36 high-speed elevators and optimum parking for 1,920 cars. The three buildings will be linked via a podium.
The project management is assigned to Masharea, a multinational Middle East company. KEO International Consultants is responsible for the engineering and the supervision of the works.
Riad Kamal, the CEO of Arabtec Holding, comments: “We are proud to be associated with the development of the Onyx, which reconfirms our long-term belief and commitment to the UAE construction market, and specifically Dubai.”
Enabling works are nearing completion and the construction is scheduled to commence this month.
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