Tuesday, March 14, 2017

Hill wins Masdar mixed-use development contract

Hill International, a global leader in managing construction risk, said it has been awarded a Dh12.2 million ($3.3 million) contract by Masdar, Abu Dhabi's renewable energy company, to provide project management services during construction of the Masdar Institute Neighbourhood, a development within Masdar City located in Abu Dhabi, UAE.  

Masdar City is an emerging global hub for renewable energy and clean technologies. As a free zone it offers benefits to registered companies such as 100 per cent foreign ownership, zero tax and zero import tariffs.

On the three-year contract win, Mohammed Al Rais, the regional president (Middle East) for Hill's Project Management Group, said: "Masdar City is a model for sustainable urban development not just regionally but globally."

"We are extremely proud to have been selected to help Masdar deliver this important project," he added.

A mixed-use development that boasts more than 103,000 sq m space, Masdar Institute Neighborhood will provide residential and commercial resources to people and companies located within Masdar City.

The development will feature a commercial office building, two residential buildings, underground parking and a plaza. The project is anticipated to achieve a "three pearls" rating for Estidama requirements as well as Leed Gold certification.-TradeArabia News Service

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