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Sat 3 Mar 2007 12:00 AM

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TAV Gulf picks up Financial Towers

TAV Gulf has picked up the US $122 million (AED 450 million) main construction job for Emirates Financial Towers (EFT).

TAV Gulf has picked up the US $122 million (AED 450 million) main construction job for Emirates Financial Towers (EFT).

The company fended off competition from Dubai Contracting Company, Al Hamad Construction and Dhabi Contracting for the project, a mixed-used development in Dubai International Financial District (DIFC).

The developer is Emirates Financial Towers LLC.

"We received a letter of intent from the developer four days ago," said Ani Ray, regional director, TAV Gulf.

Construction will start this month and end in two years.

EFT will be made up of two towers built on three levels of basement, three levels of podium and 25 levels above the concourse level.

At level 16, a glass tubular Sky Bridge will be constructed between the two towers.

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