Arabtec Construction LLC Signs contract with Saba Properties JLT valued at AED 664 Million |
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Saba PropertiesSaba Properties
JLT has awarded ArabtecArabtec LLC, a subsidiary of Arabtec Holding PJSC, the AED 664 Million contract for the construction of its latest quality tower, Saba 4.The Tower is located in the Jumeirah Lakes Towers precinct in Dubai. Work on the project's infrastructure is already underway, while development of the main structure is expected to begin in the first quarter of 2009.
The tower is 222 meters high, has 51 floors dedicated for business spaces, a parking lot for business offices and a number of other facilities to cater to the needs of the offices there.
Mr. Javaheri, Chairman of Saba PropertiesSaba Properties
JLT, said, "ArabtecArabtec has a remarkable engineering vision which is manifested in its development of high quality developments, whether residential or commercial, within an integral architectural framework. It has proven its outstanding status in the market through its successes in the construction of various landmark projects within its highly detailed strategic plans. All of this has contributed to ArabtecArabtec's reputation as one of the region's leading contracting companies, whose execution leaves no detail to chance and is always on schedule"."We are very pleased to work with ArabtecArabtec
, and will do our utmost to support this agreement with future agreements that realize both our companies' expectations and support our future plans for reaching higher standards in one of the region's biggest property markets," Javaheri added.Mr. Riad Kamal, CEO of Arabtec ConstructionArabtec Construction
LLC, said, "Our company portfolio is reflected in the many projects we develop and serves as proof of our ability to excel at what we do, in terms of both quality and speed. We attribute our successes to the highly qualified staff within our ranks, whose dedicated efforts have made us one of the largest construction firms in the region". "This new agreement places us even more firmly in the construction market, and we are pleased to strengthen our ties with such a distinguished company as Saba PropertiesSaba Properties
JLT. We are confident that this agreement and our two companies' common vision with regard to architecture and development will lead to other, similar agreements in the near future."- Ends -
About Arabtec
Arabtec Holding PJSC, formerly known as Arab Technical Construction Company PJSC, is a Public Joint Stock Limited Liability Company formed in 2004 to invest in the contracting sector through establishing, acquiring and owning shares in construction related companies in the UAE and abroad. Arabtec ConstructionArabtec Construction
LLC, Austrian Arabian Ready Mix Concrete Co. LLC and ArabtecArabtec Pre-cast LLC are wholly owned subsidiaries of ArabtecArabtec. Arabtec ConstructionArabtec Construction Company LLC, the company behind the world renowned and iconic Burj Dubai are widely recognised as one of the top construction companies in the UAE. Arabtec Holdings was formed to invest in the construction sector with a view to benefit from the unprecedented construction boom that is expected to continue over the next few years. The company relies on a highly motivated management team with vast experience in the contracting sector. Mr Riad Kamal, a founding shareholder, has overseen the development of several construction projects in Dubai and Abu Dhabi since 1975, many of which are considered landmarks in the UAE and soon to be recognised worldwide. Some of these buildings and landmarks include the Jumeirah Beach Residences, Al Mazaya Sky Gardens, Emirates Hills Developments as well as DIFC Gate Village. For more information, please contact:
Mustafa Al Khafaf
SAHARA Public relations
Tel: +9714 3298996
Email: mustafa@saharagcc.com
Website: www.saharagcc.com
© Press Release 2008
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