Abu Dhabi, UAE, 6th Novemeber  2013 - Arabtec Holding PJSC, a leading engineering and construction Group specialising in complex projects in the Middle East and North Africa region, announced today that its subsidiary, Arabtec Construction ('Arabtec'), has been awarded an AED1.8 billion contract for the construction of a mixed-use high-rise tower on Sheikh Zayed Road in Dubai.

Just one block away from the world's tallest building Burj Khalifa, which was constructed by Arabtec Construction, the tower will be one of Dubai's top ten tallest buildings and the second tallest tower in its central business district, rising 369.1 meters. The 77-floor mixed-use tower will rise to a height of 369.1 meters and will comprise over 22,000 m2 of office space on 18 floors, and 908 m2 of retail area. It will also include a new international 350 room hotel and 83 serviced apartments as well as 180 luxurious apartments.

Negotiations are underway with a number of world-leading hospitality brands for the mangement of the six-star hotel and serviced apartments which will collectively occupy 25 floors. 

Construction of the tower, designed by the world-renowned Atkins, is scheduled to begin in mid-November 2013 and will take 42 months to complete.

Hasan Abdullah Ismaik, Managing Director and CEO of Arabtec Holding, commented: "This project is further recognition of Arabtec's track record in delivering world-class mixed-use developments. This tower will be a quality addition to Arabtec's already high profile backlog in the UAE and across the region. Our appointment to build this high-rise building in the heart of Dubai's business center is a strong endorsement of our unique capabilities in delivering high-quality complex structures."

Ismaik added: "We are pleased to continue our long-time contribution to the urban development of the UAE and the region in general. This project is another sign of the recovery of the property sector in the UAE and the Middle East and North Africa Region."

Upon completion in May 2017, this tower will be the world's 26th tallest building. Arabtec has already built seven out of the world's 150 tallest structures, including the world's tallest man-made structure, the 830-metre , Burj Khalifa.

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About Arabtec Holding
Arabtec is a leading engineering and construction group specialising in complex projects in the Middle East and North Africa region, including high-rise commercial and residential development, infrastructure and oil and gas.

The UAE-based group's impressive list of completed projects includes iconic buildings such as the world's tallest building, the Burj Khalifa in Dubai, and Abu Dhabi landmark, the Emirates Palace Hotel; as well as other technically challenging work on airports and related infrastructure.

Arabtec was the first private construction firm to go public when it was listed on the Dubai Financial Market in 2005. Today, Arabtec Holding consists of many subsidiaries, with specialisations spanning all segments of the construction cycle. The group is currently working on some of the most prestigious projects in the Middle East, such as the Louvre Museum in Abu Dhabi and a regeneration project in the centre of the Qatari capital, Doha, and is expanding into other regions. The group is also expanding in the oil and gas, power and related infrastructure sectors.

Arabtec's strong track record and commitment to timely and cost-efficient delivery has contributed to its rapid growth in recent years and a reputation for quality that has often translated into a market-led pricing premium for completed projects.

For more information, please visit www.arabtecholding.com

For further information, please contact:
Brunswick Group
Alex Blake-Milton
Phone: +971506947589
Email: ablakemilton@brunswickgroup.com  
 
Assheton Spiegelberg
Phone: +971505572633
Email: aspiegelberg@brunswickgroup.com

© Press Release 2013