ArabianBusiness.com - Middle East Business News
Sunday, 22 November 2009 03:22 UAE time

YOUR DIRECTORY /

| Share |

Sorouh to award Alghadeer project design contract

by Benjamin Millington on Saturday, 11 October 2008

The design contract for Sorouh Real Estate's US $4 billion (AED 15 billion) Alghadeer project will be awarded within the coming weeks according to Sorouh chief operating officer Samer Abu-Hijleh.

He also said the main construction contract will go to tender in December and be awarded within the first quarter of next year.

Road and infrastructure work at the Alghadeer site started in April and this month Al Jaber Contracting started enabling works.

Story continues below
advertisement

The development spans three million m3 and is located on the border of Abu Dhabi and Dubai.

Construction is set to be completed in 2012. When finished Alghadeer will consist of more than 6000 homes built across six villages and have facilities such as mosques, cinemas, parks, schools and retail centres.

Also this week, Sorouh and Tameer Holdings awarded Arabian Construction Company (ACC) a $1.69 billion contract to build the Gate Towers located in the Shams Abu Dhabi development on Abu Dhabi's Al Reem island.

ACC will construct six out of the eight towers that will make up the Gate District, an area covering 1.1 million m2.

Piling work is scheduled to start immediately and construction is scheduled to begin in January, to be delivered in phases over the next four years.

The Gate Towers will be a mix of residential, commercial, retail and hotels. The Sham Abu Dhabi is the flagship project of Sorouh Real Estate and will cost a total of $6.8 billion.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

From  Current Issue

SHARE PRICE CHECK

more » MIDDLE EAST MARKETS DATA

SOROUH.ADX

Last Price:

3.13

-0.13-3.95%

19 Nov 2009 09:59 GMT
(Market Closed)

RELATED LINKS

  1. Sorouh Real Estate»

 EMAIL ALERTS

  1. Sorouh Real Estate

  2. Construction & Industry


CURRENCY CONVERTOR

Tell us your story

READER COMMENTS

  1. UAE announces Eid and National Day holidays 02
    21 Nov ' 09 at 10:22
    Is it any wonder that Emiratis are reluctant to work in the private sector? One day extra and no request for early payment of salaries.   More  »
  2. RTA to lease out last batch of retail outlets available on Red Line 01
    21 Nov ' 09 at 14:10
    What happened of Last Minute and their 28 outlets - one on each station?   More  »
  3. Dubai plans start-up help for expat entrepreneurs 01
    21 Nov ' 09 at 11:37
    this is great news really makes sense, especially since Small & Medium Enterprises actually make UAE. I sincerely hope that this is...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM