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Major construction contract awarded at Al Raha Beach
- United Arab Emirates: Tuesday, June 26 - 2007 at 16:02
- PRESS RELEASE
ALDAR Properties PJSC, Abu Dhabi's first and leading property developer, has awarded the 1st major building contract for its AED 54 billion waterfront project, Al Raha Beach, to the ALDAR/Laing O'Rourke.
Al Bandar has been designed by architects Broadway Malyan of the United Kingdom and will be the first mixed use neighbourhood development in Al Raha Beach, presenting retail, leisure and marine facilities on completion.
The precinct will be accessible by bridge from the mainland with the vibrant new neighbourhood of luxury apartments set within two distinct settings. The first section will comprise of plush glass duplexes and chic 'New York loft' apartments overlooking the marine piazza. The unique marine piazza will provide numerous moorings for a large variety of yachts, complimented by a promenade that will link the water taxi terminal and the entrance of the development.
The second component will be a gated community of family orientated apartments in a garden setting with leisure and retail amenities. The apartments have been designed with large terrace balconies providing spectacular views of the Arabian Gulf and the YAS Island Ferrari theme park.
"Our 1st contract award of this major development, is a clear demonstration of ALDAR's commitment to our successful procurement approach. This is where we establish integrated
teams who can work closely together to procure every essential element of our developments," said Al Raha Beach Development Director, Michael Cox.
"We are delighted that ALDAR/Laing O'Rourke has been awarded the contract to construct Al Bandar, as this is an exceptional part of this major development. ALDAR is shaping Abu Dhabi and I feel we are a major part of this change after the award of a major contract for a project on Al Raha Beach," commented ALDAR/Laing O'Rourke Managing Director, Christopher Wilkinson.
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Notes and media contacts
For further information :ALDAR Laing O'Rourke Joint Venture
Jonathan Eveleigh (+971) 4 2949944
www.alrahabeach.com
www.laingorourke.com
For further media information contact:
Sufeena Hussain
Account Manager
Buchanan Middle East
A WPP Company
Direct: +971 4 3698555 Ext. 558
Mobile: +971 50 2571214
Fax: +971 4 3698556
About ALDAR Properties
ALDAR Properties PJSC is a premier real estate development, management and investment company with headquarters in Abu Dhabi, UAE. The company was formed as the result of an Initial Public Offering (IPO) of shares. The PJSC was created under Emiri Decree No 808 of 2004. ALDAR Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors.
ALDAR Properties PJSC was created to fast track real estate investment opportunities, and to offer an opportunity to participate in the prosperity of this increasingly important industry in the UAE.
The current property portfolio includes major developments and re-developments within the Abu Dhabi Emirate, such as the Central Market in Abu Dhabi, the Al Raha Beach Development, Al Gurm Resort, Yas Island, Al Mamoura - the Mubadala Development Company and Environment Agency Abu Dhabi Headquarter Building in Abu Dhabi, and Al Jimi Mall Expansion in Al Ain.
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