By Christopher Sell
Belgian-UAE joint venture wins $141mn contract to construct two high-rise towers at Downtown Burj Dubai.
A joint venture of Belgian-UAE contractor Besix and Arabtec has won a $141 million (AED518 million) contract to construct two high-rise residential towers at Downtown Burj Dubai.
The towers will be built on plots 29 and 30 within the development.
Work is due to commence immediately, according to Philippe Dessoy, general manager, Besix, and is expected to last 24 months.
The towers will be 27 and 19 floors, complete with basement and five-level podium. Shoring and mobilisation works have already been carried out.
This project will further strengthen Besix's presence within Emaar's $20 billion development, where it is already working in joint venture with Arabtec and Samsung to build the Burj Dubai.
It is also working on the $197 million, 63-storey Burj Dubai Lake Hotel, which is due to be completed in June 2008.
Outside of Dubai, Besix is also focusing strongly on Abu Dhabi, where the company is involved in a number of key projects. In April this year, it was awarded the $231 million Shama-Saadiyat Freeway contract.
This will involve the construction of 10km of highway, 17 bridges and three interchanges, and is scheduled for completion by the end of 2008.
The company is also chasing the contract for the F1 racetrack marina, which is currently under construction on Yas Island.
"We have been very busy in Dubai over the last two years and expect a shift to Abu Dhabi, which is just taking off," said Dessoy.
Two of its further projects in Abu Dhabi include the Al Gurm Resort Development, which involves piling, rock revetment, residential villas and infrastructure works in a deal worth $202 million.
The other is the Yas Island Development, an $82 million deal which focuses on marine works, including quay wall and pontoons.