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Arabian Construction Wins Dh6.2b The Gate Towers Deal
ABU DHABI — Sorouh Real Estate PJSC and Tameer Holding Investment LLC have announced the award of a Dh6.2 Billion contract to Arabian Construction Company (ACC) to build The Gate Towers, a joint venture project, situated at the entrance of Sorouh’s flagship project, SHAMS Abu Dhabi, on Al Reem Island.
This new contract will see ACC construct six of the eight towers that make up The Gate District, covering a construction area of 1.1 million square metres.
Piling work is scheduled to start immediately and construction of the towers will begin January 2009, to be delivered in phases over the next four years.
Mounir Haidar, Chief Executive Officer, Sorouh, stated: “Sorouh is pleased to announce its continued partnership with ACC. As a leading real estate developer in the United Arab Emirates, Sorouh partners with companies that reflect our own professionalism and commitment to creating innovative real estate projects.”
Dr. Abdallah Shaaban, Managing Director, Tameer Abu Dhabi, added: “Tameer has an excellent relationship with ACC. This partnership adds value to our project with Sorouh, creating a spirit of excellence and efficiency where all three parties work together to produce an innovative and exciting development for Abu Dhabi.”
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