DEWA deal for Mammut
by ArabianBusiness.com staff writer on Friday, 18 April 2008
Mammut Group has won a US $169 million (AED619 million) contract with Dubai Electricity and Water Authority (DEWA) for the construction and maintenance of the 180 million gallon Mushrif Reservoirs in Dubai.
The contract includes the construction, completion, testing and commissioning of three rectangular ground reservoirs, each with a 60 million imperial gallon capacity.
Construction of the concrete reservoirs will be carried out over a 15-month period following preliminary works at the firm's 300,000m2 facilities in Dubai's Technopark. The contract will be completed in conjunction with Mammut's partners in the project, Max Boegel Group of Germany.
In announcing the contract award, Mammut Group chair and CEO Behzad Ferdows stated that the firm's expertise and competitive pricing demonstrated its strengths and capabilities as one of the region's major contracting companies.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST CONSTRUCTION & INDUSTRY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST CONSTRUCTION & INDUSTRY
LATEST MIDDLE EAST BUSINESS NEWS
- Banking & Finance: GFH signs MoU with Syrian Investment Authority
- Construction & Industry: Mideast aluminium output to exceed 3m tpy by 2010 end
- Politics & Economics: Saudi Arabia approves first ETF open for foreigners
- Banking & Finance: Oman inflation to accelerate, budget seen in surplus
- Construction & Industry: MAF Properties eyes $817m Syria project - CEO
SHARE PRICE CHECK
RELATED STORIES
Dubai Electricity & Water Authority (DEWA)
- Dubai's DEWA sees $1.5bn bond in April
9 Mar '10 | News - BNP Paribas aims to double sharia assets
5 Mar '10 | News - Dubai's DEWA to sign 6 deals for over $817m next week
2 Mar '10 | News
Mammut
- Dubai begins work on world's largest reservoirs
23 Mar '08 | News - Mammut wins contract for Waterfront
14 Dec '07 | News





