Arabian Construction Company awarded AED1.46 billion contract to build Pentominium in Dubai Marina
[Dubai, 7 September 2009] Arabian Construction Company (ACC) has been awarded the AED1.46 billion ($400 million) contract to build the world's tallest residential tower - the Pentominium in Dubai Marina.
Developed by Trident International Holdings, the 124 floor Pentominium - whose name is derived from two words: penthouse and condominium - will be one of the world's tallest man-made structures and is projected to be the second-tallest building in the world after Burj Dubai. Each apartment in the 618 metre tower will consist of either half a floor, or an entire floor.
The total built-up area will be 170,000 square metres and the construction duration is expected to take 48 months. The Pentominium will be the tallest all-residential building in the world upon completion and it currently has the highest projected height of any residential building under construction, according to Aedas, the project designers.
The partnerships for Pentominium include world-renowned Italian luxury brand Salvatore Ferragamo which will be doing a select few branded penthouses. Other brands such as Rolls Royce, Swarovski, Bang and Olufsen, Tiffany and Co, Damas, Quintessentially, Davidoff, Azimut Yachts and Six Senses Resort and Spas will also be strategic utility providers.
Executive Director and CEO of Trident International Holdings, Wazir Daredia, said "Pentominium is a unique project that escalates the concept of luxury living to new heights and with construction major ACC on board, the project has joined an exquisite bouquet of brand partnerships we have forged for the development. ACC is one of the leading players and their portfolio of accomplished and ongoing projects speaks volumes about their expertise and creditability."
"With a strong pedigree of iconic projects under its belt, ACC also boasts solid expertise in high-rises, with structures such as Princess Tower (414 metres), Elite Residence (380 metres), Almas Tower (360 metres) Rose Tower (333 metres) and The Westin Hotel. ACC came across as the natural winner and choice," Daredia added.
Operating for over 40 years, ACC has expanded extensively across the Middle East region. The company's impressive portfolio of projects include Emirates Palace Hotel, The Gate District and Sun and Sky Towers on Al Reem Island, Etisalat Abu Dhabi Tower, Abu Dhabi Trade Centre, Princess Tower, Park Place and Emirates Airlines headquarters.
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About Arabian Construction Company
Arabian Construction Company (ACC) is a dynamic and progressive organization recognised as a leader in the region's construction industry.
ACC has been operating since 1967, through a comprehensive regional network throughout the Middle East. From power generation and desalination plants, to factories, hotels, hospitals, defence works, public buildings and intricately sophisticated smart buildings, ACC's track record is a prestigious list of efficiently delivered projects.
http://www.accsal.com
For further information, please contact:
Tariq Al-Sharabi
Account Director
Cicero & Bernay Public Relations
Phone: +971 4 334 2966
Mobile: +971 50 626 5535
Email: tariq@cbpr.ae
© Press Release 2009
