US$8 billion Burj Dubai District set to become the Middle East's finest urban development
Dubai, December 8, 2004: Emaar Properties today announced that Samsung Corporation, the Korean group, has been appointed the main contractor for its iconic Burj Dubai tower. The signature concrete and steel Tower is set to become the tallest structure in the world and will be the centerpiece of Emaar's prestigious Downtown Dubai development.
The Burj Dubai tower is part of the US$8 billion 500-acre Downtown Dubai Development, which on completion will become the Middle East's finest urban development in terms of design and lifestyle.
The contract was awarded to Samsung following an 11-month bidding process that began earlier this year and involved tender bids from major global contractors.
The excavating, piling work and raft foundation for this global architectural landmark has been completed and construction of the Tower from ground up will now be taken up by Samsung, a huge step forward in the progress of the building. Chicago-based Skidmore, Owings & Merrill (SOM) designed the Tower and Turner Construction International is the project and construction manager.
Samsung Corporation has been involved in the construction of numerous high-rise structures around the world and Samsung Group, its parent company, is the Fortune ranked 14th largest company in the world.
Mohamed Ali Alabbar, Chairman of Emaar Properties, said: "Samsung Corporation has been awarded this contract because it matches Emaar's global quality standards and processes which have become benchmarks for real estate developers around the world. The company has an impeccable reputation and unrivalled expertise in constructing tall towers.
"Samsung Corporation's appointment is a defining moment and the Tower is set to rise and change the face of Dubai. The Tower represents the next stage of growth for Emaar and will be the basis for future developments and act as signpost for the ambitions of the region."
A formal ceremony was held on the Burj Dubai site on September 20, 2004 when the concrete pouring operation for the Tower's raft foundation was witnessed by His Highness General Sheikh Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defence.
The Tower will combine residential and commercial space, and will include a boutique hotel, recreational facilities, serviced residences, apartments and an observatory. Its unique mix of functional modernist surfaces and decorative form contains abstract references to regional and cultural influences. The Tower's base rises upward in a series of steps, providing a graceful transition as the structure ascends.
The Tower is composed of three elements arranged around a central core. As it rises from the flat desert base, each element is set back in an upward-spiraling helical pattern, decreasing the mass of the tower as it reaches toward the sky and thereby decreasing the wind effects.
A high performance exterior cladding system will be employed to withstand the extreme temperatures during Dubai's summer months. Primary materials include reflective glazing, aluminum and textured stainless steel panels and vertical stainless tubular fins accentuating the height and slenderness of the Tower.
The Burj Dubai and The Dubai Mall are part of the Middle East region's finest urban development, the Burj Dubai District. Located within the 500-acre development, the two awe inspiring buildings are surrounded by lakes and landscaped gardens; The Boulevard, a 3.5km long parade bordered by buildings that draw on a range of styles from around the world; The Residences' exclusive up-market apartments; and the stylish antiquity of The Old Town.
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Note to Editor:
About Emaar Properties PJSC
Emaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market. With an asset base of US$7.7 billion including the land bank, the Company's vision is 'Shaping the Future. Today' and focuses on innovation, meticulous planning and the pursuit of excellence. The Company has witnessed tremendous growth since its inception in 1997 and boasts a rapidly growing tenant base. Currently, it has several major real estate projects under various stages of development including Dubai Marina, Arabian Ranches, Emirates Hills, The Views, The Meadows, The Springs, The Lakes, Hattan Homes, The Greens, Emaar Towers and The Residences at Burj Dubai. The company also owns and manages the Gold and Diamond Park. Emaar has started construction on its most ambitious project to date, the Burj Dubai Development, which comprises The Burj Dubai, The Dubai Mall, The Boulevard, The Old Town, man-made lakes, landscaped parks, etc. Emaar was recently selected for inclusion in the newly created Dow Jones Dubai International Financial Centre Arabia Titans Index. Emaar currently represents 5.7% of this index, which comprises 50 blue-chip companies located throughout the region.
While Emaar continues to actively pursue expansion in its core business of innovative, high quality real estate development, it has diversified into related business lines to further build value for its 41,000 shareholders. In line with this corporate belief, Emaar also owns and manages three subsidiaries - Dubai Bank, focused on retail and commercial banking, EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services, and its technology and communications company, Sahm Technologies. Emaar is also the majority single shareholder in Amlak Finance, UAE's first mortgage finance company.
For further information, please contact:
Sunil John
ASDA'A Public Relations
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Middle East and North Africa
Dubai,
UAE
Tel: +971-4-3355969,
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E-Mail: info@asdaa.com
Emaar Properties
David D'Souza
Tel: +971-4-367-3566
Fax: +971-4-367-3705
E-Mail: davidd@emaar.ae
Website: www.emaar.com
© Press Release 2004
