Jaganathan and Samsung Corporation's chief executive S D Lee at the signing.
Emaar, Samsung ink Burj Dubai deal
01 November 2005
Emaar has signed a landmark Dh3.216 billion ($875.7 million) deal to officially appoint Samsung Corporation as the main contractor for the Burj Dubai, the world’s tallest structure.
Following the appointment announcement in December 2004, Emaar went through a rigorous process of validating various portions of the contract, while work on the project had already started.
This process culminated in Seoul, South Korea where Emaar chief executive officer A J Jaganathan and Samsung corporation chief executive S D Lee signed the groundbreaking deal, which is a major step in the rise of the iconic Burj Dubai.
Construction of the tower had reached the 12th floor in the first half of October and was progressing at a rate of one floor per week. The Burj Dubai is already visible from Dubai’s main thoroughfare the Shaikh Zayed Road and is expected to change the skyline of Dubai when it is completed by the end of 2008.
Chicago-based Skidmore, Owings & Merrill (SOM) have designed the tower while New York-based Turner Constru-ction International is the project and construction manager.
- Trump triumph for Nakheel
- Abu Dhabi airport design in December
- Work to begin on 25 new hotels on Palm
- Khansaheb to supply Ardex solutions
- Hira launches new rubber products
- Desk jobs for nationals urged
- Dubai plans $360m Formula 1 park
- Free zone launches ePermit
- Update
- DP World awards key dredging deal
- Ski Dubai gets ready to open
- Emaar, Samsung ink Burj Dubai deal
- Work begins on Legends
- UAE tops with $35bn building projects
- Riverwalk strict on delivery
- New Aldar project for Boskalis
- German group in $70m project
- Jotun enters world e-content awards
- $99m new roadworks likely
