Contractor announced for Hydra Towers project

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TOWERS CONTRACT: Hydra Properties has appointed a lead contractor for its project in Business Bay.

TOWERS CONTRACT: Hydra Properties has appointed a lead contractor for its project in Business Bay.

Hydra Properties has announced the selection of Kele Contracting as its lead construction contractor for Hydra Towers, a series of five high-rise buildings in Business Bay, Dubai.

Kele Contracting, which has worked with Hydra Properties on pre-tender construction and planning, has already started work on site, Hydra said in a statement.  

All enabling work, including shoring, piling and excavation activities, has been completed and the sub-structure works are now being carried out.

The company said work was on schedule for the planned completion date of the end of 2011 for the towers.

Hydra Towers consists of five high-rise buildings, of between 20 and 36 floors - one of the towers is dedicated wholly for businesses owned and operated by women.

Ali Bin Sulayem, chief executive of Hydra Properties, said:“We are pushing ahead with construction on many different projects in Abu Dhabi and Dubai, and we are delighted to report this progress on Hydra Towers.

“Kele Contracting is a well-respected company, sharing with us the focus on on-time delivery for our customers.”

Kele Contracting has an order book of contracts worth more than AED2.5 billion, all of which started in 2009 and all of which are currently under construction.

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Posted by: Red Snappa

Who are the occupiers of these building going to be in , when the infrastructure at Business Bay lags so far behind other parts of Dubai.

If the development is truly three years behind schedule and 10% sold, as somebody comments, how can it possibly make commercial sense to build it, even calculating on final payments at first-half 2008 selling prices?

Posted by: Moncef

instead of scraping project with less than 10% sold, why dont you offer an alternative project. since you are running up to 3yrs late, and no hope of any inprovements in the horizon.

Posted by: moncef b.A. Hafsi

these 5 high rise hydra towers in Dubai, does it include the twin towers?

Posted by: moncef

custumors confidence is at its lowest level, no wonder, when for 3years my queries and many investors like me are unanswered till now. shouln'd you consider refunding the money you making out of bank interest to their ligitimate holders. The least you can do.

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