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Al Naboodah wins $151mn i-Rise deal
Property developer Realty Capital has awarded Al Naboodah Contracting a 555 million dirham ($151 million) deal for the construction and execution of i-Rise commercial tower.
The 37-storey project, located in Dubai's Technology and Media Free Zone (TECOM), will be one of the largest business towers in the region, incorporating a total built-up-area of more than one Million and eight hundred thousand square feet.
Marwan G. Mansour, Chief Executive Officer, Realty Capital Middle East, said,
“With Al Naboodah at the helm, we strongly believe that we can deliver the project on time and meet the highest quality standards. “
"Additionally, Al Naboodah has a solid track record, having been in the business for over three decades. With such experience and an impressive project portfolio in civil construction, Al Naboodah became our preferred choice for the project," added Mansour.
Other providers for the project include Rasmala Investments, Better Homes as exclusive sales consultants, Projacs International for project management services, and Khatib & Alami Consolidated Engineering Company.
i-Rise will offer offices starting at 700 square feet, with state-of-the-art facilities including 18 high-speed elevators, restaurants, coffee shops, prominent retail space, a fitness centre, a helipad and an extensive multi-storey car park.
The project will be showcased during Cityscape Dubai, stand MD19, Sheikh Maktoum hall, from October 16 to18, 2007.
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