Contract follows completion of shoring and excavation work on project at Dubai Sports City
Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, has awarded an AED 55.5 million contract for the construction of Champions Tower II to Al Sarh Contracting. The announcement follows the completion of the shoring, initial excavation and foundation work on the AED 110 million tower by Stromek Emirates Foundation (SEF), a subsidiary of M`sharie, the private equity arm of Dubai Investments. Present at the signing ceremony was Rizwan Shaikhani, Joint Managing Director, Memon Investments and Eng. Emad Eddin Al Khalil, Executive Manager, Al Sarh Contracting.
Al Sarh Contracting has outlined a comprehensive schedule to ensure that the project is completed within only 18 months from the commencement of groundwork construction in March. Al Sarh has also allocated a total of 100 staff including engineers, project managers, site supervisors and construction workers to ensure the timely delivery of the tower in accordance with the contract. Eng. Adnan Saffarini Office, the architect of the tower, is expected to play an important role as primary project consultant.
Rizwan Shaikhani, Joint Managing Director, Memon Investments, said, "We were attracted to Al Sarh Contracting's broad industry expertise, solid reputation, and history of timely project delivery, all key factors to the successful implementation of this development. We are confident that Al Sarh will meet our expectations and eventually help us meet the 2010 deadline for the Tower's completion."
Champions Tower II is a 13-storey tower with a total built-up area of 218,000 square feet, and offers a total of 174 apartments comprising 72 studios, 74 one-bedroom and 28 two-bedroom apartments, each with its own magnificent view of the lush greenery exuding a relaxing ambience. The tower provides easy access to an 18-hole golf course, a cricket stadium and various sport-oriented academies, rugby and football pitches and a track and field stadium. As the culmination of the sophisticated combination of luxury and high technology living set amidst a sports-oriented environment, the tower also offers a handful of modern facilities including a communal swimming pool, spa and sauna, jacuzzi, fully-equipped gymnasium and an indoor games room.
Dubai-based Al Sarh Contracting has more than 13 years of experience in the UAE's contracting sector, and currently employs more than 700 industry experts, from labourers and site supervisors to engineers and project managers. Al Sarh has completed more than 200 projects in Dubai and throughout the UAE, with its completed and ongoing project portfolio tallied at around AED 451 million.
Eng. Emad Eddin Al Khalil, Executive Manager, Al Sarh Contracting, concluded: "We are proud to be a part of a prestigious project such as Champions Tower II and we will make sure that our resources are optimized to meet the high quality of work embodied by all of Memon Investment's projects. We will build on our reputation as a company that emphasizes quality workmanship and on-time delivery to satisfy high-profile clients such as Memon."
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About Memon Investments LLC:
Founded in 2007 as the property development arm of the international business conglomerate, the Memon Group of Companies, Memon Investments has grown to become a leading property player in the region offering a diversified portfolio of premium property projects. Guided by a tradition of excellence, the developer's intense focus lies within its core competencies, specifically acquisition, design and development, consultancy, leasing and management of properties. Leveraging the Memon Group's extensive real estate development experience, Memon Investments' UAE portfolio comprises prestigious residential projects, including Champions Tower I, II, and III in Dubai Sports City and its inaugural commercial venture, the Cambridge Business Centre in Dubai Silicon Oasis, all of which embody the developer's trademark topnotch quality and uniqueness.
Having delivered over 30,000 units across the globe with a presence in 90 countries spread across Asia, Africa, Middle East and Europe, the Memon Group of Companies is presently commemorating its 30th year of delivering unique offerings and services to its global customers. In addition to its extensive expertise in the real estate market, the Group has also built a strong reputation for its unwavering support for various causes such as poverty alleviation, environmental conservation and academic development. As a socially-aware international corporation, the Group has devoted 18 years in support of the Rabia Charitable Foundation and the Rabia Relief Fund.
For any questions or to arrange an interview please contact:
Princy Philip
Manager-Marketing & Corporate Communications
Memon Investments LLC
P.O. Box 41950,
Dubai, UAE
Tel: +971 4 2688111,
Fax: +971 4 2626455
Mob: +971 50 2590860,
Email: princy@memon.ae
CommuniGate Middle East
PO Box 66861, Dubai, UAE
Tel: +971 4 3988134
Fax: +971 4 3988137
Email: info@communigateme.com
Website: www.communigateme.com
© Press Release 2008
