19 December 2009

Arabtec Saudi Arabia & Alsaad General Contracting JV announced the achievement of a major Milestone with the casting of the two raft foundations for the Lamar Towers, the tallest twin towers in the Western Region, Saudi Arabia. Lamar is a project developed by Cayan International Company, and is worth approximately 2 Billion Saudi Riyals, is on schedule.

In parallel, foundation works are also being carried out in the adjoining Podium areas along the tower foot prints that will incorporate the residential and commercial units, and a shopping mall.

"We have just poured over 11,100 cubic meters using almost 3,000 tons of steel, covering an area of approximately 4,000 sq m and approximately 3 m in depth, and it was all orchestrated smoothly" stated Mr. Mehriz Abdo, the Sr Project Manager for this project.

The Arabtec slip-form system for the Towers' Cores is already delivered to site and is being installed. Major plant and equipment have already been mobilized to site and are now in operation.

Lamar Towers incorporates futuristic architectural designs with twin glass towers aligned in a V shape.  Tower 1 is G+73 floors and Tower 2 is G+65 floors and helipad with two basement levels including the mezzanine levels. The Towers incorporate residential and commercial units which will include shopping malls. 

"This is indeed a great accomplishment by the team and a milestone for both Jeddah and Saudi Arabia.  Our teams are very excited about our prospects in this new market" stated Riad Kamal CEO of Arabtec Holding.

As a repeat client, Cayan is confident Arabtec - Al Saad General Contracting, JV will deliver a high-quality and satisfactory finished product on time. "Our alliance with Arabtec Saudi Arabia has created a new perspective in building construction. We are confident of the pace of the work that we have observed which highlights Arabtec's project execution and management skills. Construction work is progressing and Cayan is looking forward to seeing the rest of the project take shape," stated Mr. Usama Sarraj, Cayan Development Manager.

"Due to Arabtec's strategic project management and integrated systems, they are on schedule as noticed in five (5) months of construction. As the structural Engineer, we are observing proper quality control and high standard of workmanship, as per the guidelines," added the Resident Engineer of M/s Saudi Al Diyar Consultants.

The Lamar Towers are slated to be another fine quality construction building in Saudi Arabia. This will add to Arabtec's diversified portfolio of projects, backed by the company's commitment to quality construction and standards.

The residential suites offer new standards of luxurious living in the Middle East. The clients can choose from the wide variety of rooms - 1, 2, 3, 4 bedroom, 3 bed lofts, half floor penthouse and full floor penthouse.

Lamar Towers features world class facilities of spa and fitness center which are exclusively designed with separate areas for men and women. The spa features treatment rooms like facial and body treatments, hammam baths and sauna.

This high rise luxury project is strategically located at Al Shatee District, on the seafront corniche of Jeddah, Saudi Arabia. The Project Manager for this project is Turner Arabia and the Consultant is Saudi Al Diyar.

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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 Construction LLC, Austrian Arabian Ready Mix Concrete Co. LLC and Arabtec Pre-cast LLC are wholly owned subsidiaries of Arabtec. Arabtec 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. 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 Residence, Al Mazaya Sky Gardens, Emirates Hills Developments as well as DIFC Gate Village.

For further information, please contact:
Bassam Al Naimi
SAHARA Communications
Tel: +971 50 956 6829
Email: Bassam@saharagcc.com
www.saharagcc.com

© Press Release 2009