Tuesday, September 26, 2017

Arabtec unit wins Emaar residential tower contract

Arabtec Holding, a leading contractor for social and economic infrastructure, said its wholly-owned subsidiary, Target Engineering Construction Company has been awarded a Dh196 million ($53.3 million) contract by Emaar Properties for the main contract works of Phase I of its key Downtown Dubai project, Forte.

Situated in Dubai's new cultural centre, Forte is a two-tower residential development, set apart by its distinctive location and aesthetic architecture which adds to the ambiance of The Opera District.

The apartments overlook the iconic Dubai Opera, the 2,000-seat, multi-format, performing arts centre which is the centrepiece of The Opera District and host to opera, ballet, theatre, concerts, exhibitions and sport events.  

Forte is located on Mohammed Bin Rashid Boulevard, Downtown Dubai and forms part of The Opera District, offering an unprecedented life for its residents.  

Target said the scope of work includes the construction of 5 basements for two residential towers.

Work will start on the project this month and is set to be completed within a year.

On the contract win, Arabtec Group CEO Hamish Tyrwhitt said: "We look forward to working on another project with Emaar Properties."

"We continue to win projects that are aligned with our key geographies and our key competencies whilst maintaining a robust risk management approach," he added.-TradeArabia News Service

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