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Sat 20 Oct 2007 04:00 AM

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Two towers deal for ALEC

The Al Jaber Group has awarded a contract to its contracting subsidiary, Al Jaber Engineering and contracting (ALEC), for a new project in Dubai International Financial Centre (DIFC).

The Al Jaber Group has awarded a contract to its contracting subsidiary, Al Jaber Engineering and contracting (ALEC), for a new project in Dubai International Financial Centre (DIFC).

The design and build contract is believed to be worth around $272 million (AED 1 billion).

The project is for the construction of two towers at DIFC, with stipulated heights of 25 and 50 storeys, although the exact design is yet to be finalised.

According to Kez Taylor, managing director, ALEC, work on the development is expected to begin early in 2008 and should take 36 months to complete.

This contract win follows the company securing the construction of a resort hotel on Abu Dhabi's Tourism, Development and Investment Company's (TDIC) Saadiyat Island. The original contract value is estimated at $218 million, although Taylor said that the concept had not been finalised, and it wasn't possible to place an exact figure on the contract. Taylor expects construction to start in early 2008.

ALEC is also in negotiations with ALDAR for a contract to build a hotel on Yas Island. "The client has redesigned the concept, so the project is delayed a little, but we are in talks," said Taylor.

In August, the company was awarded a $571 million contract from Majid Al Futtaim Group to build the Mirdif City Centre shopping mall.

In the same month, ALEC won a $176 million contract to build the Qasr Al Sarab Desert Resort & Spa in Liwa, Abu Dhabi, along with a $146 million contract extension to the 150,000m2 Dubai Marina Mall and Hotel project.

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