$1.7bn contract awarded for flagship project

by Andy Sambidge Tuesday, 07 October 2008

Sorouh Real Estate and Tameer Holding Investment on Tuesday announced the award of a $1.7 billion contract to Arabian Construction Company (ACC) to build a new district on Al Reem Island, Abu Dhabi.

Related Stories

The Gate Towers, a joint venture project, will be built at the entrance of Sorouh’s flagship project, SHAMS Abu Dhabi, and the contract will see ACC construct six of the eight towers that make up The Gate District, covering a construction area of 1.1 million square metres.
Piling work is scheduled to start immediately and construction of the towers will begin January 2009, to be delivered in phases over the next four years.

The Gate Towers will be a mix of residential, commercial, retail, serviced apartments and a hotel.

The contract is seen as a strategic partnership between Sorouh, Tameer and ACC, and will see all parties sharing roles and responsibilities such as procurement and engineering.

ACC’s managing director Hamed Mikati said: “We are looking forward to completing this unique project which is set to change Reem Island’s ever growing skyline.”

SHAMS Abu Dhabi will be a new self-sustaining city designed around canals and parks which integrates world-class master planning practices and extends the lush green of Abu Dhabi’s landscape.

In addition to the Gate District, Shams Abu Dhabi will feature several other unique projects including Central Park, Sky Tower, Sun Tower and Marina, and the Gate District.

ACC is currently building the Sky and Sun Towers in Abu-Dhabi for Sorouh, as well as Princess, the world’s tallest residential tower (414m high), and Elite Towers in Dubai for Tameer.



Search Property (2048 listed)



Enter a Development, City, Real Estate Agent or Developer name
Property Type
Added to Site
Price Range
to
Bedrooms
Area (in sqft)
to
to

Quick Links(Residental)