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Thu 29 Jan 2015 01:51 PM

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Dubai's Mashreq seeks builder for new HQ project

Mashreq issues tender to build 151m tall building in Burj Khalifa area of Dubai; sets April deadline for bids

Dubai's Mashreq seeks builder for new HQ project
Mashreq Bank

Mashreq Bank is seeking a contractor to build a new corporate head office in the Burj Khalifa district of Dubai.

The 151 metre-tall building comprises four basements levels, ground floor, four podium levels and 27 floors. It has a gross floor area of 39,000 sq m and a built up area of 72,000 sq m.

The scope of work will comprise of structural works, building services, facade, finishes, interior fit-out, landscape, testing and commissioning. The deadline for tender bids is April 30, reported Construction Week Online.

Earlier this month, Mashreq, Dubai's third-biggest lender by assets, posted a 28 percent rise in fourth-quarter net profit, boosted by strong performance in operating income.

The lender made a net profit of 644.3 million dirhams ($175.4 million) for the three months to Dec. 31 compared with 504.6 million dirhams in the corresponding period of 2013.

Mashreq's statement cited strong growth in operating income.

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