The Silverene Towers will be constructed over a two year period and will be one of the most prestigious residential developments of its type with 35 floors in Tower A and 27 floors in Tower B, including numerous Podiums levels, a Ground level Plus 3 Basement levels.
Cayan Investment & Development, the developer of the Silverene Towers project are also the developers for the world famous icon, the Infinity Tower which is also being constructed by Arabtec, also stated their delight for the project. The company's Chairman, Mr. Ahmed Alhatti, said: "The Silverene Towers will be one of the highest quality buildings in the region and we are confident that Arabtec, a company known for its exceptional standards and superb project management, will complete the construction to the standards we require."
Commenting on the award of the project, Arabtec's CEO Mr. Riad Kamal expressed his delight and said: "We are pleased to construct yet another project for CAYAN and Arabtec looks forward to working with Cayan on this exciting development."
He added: "Silverene Towers will add to Arabtec's diversified portfolio of projects around the region and confirms Arabtec's commitment to working on, and completing, quality construction to the very highest of standards our clients are demanding and getting accustomed to."
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Cayan Investment & Development awards Dhs638m contract to Arabtec for Silverene Dubai Marina
- United Arab Emirates: Wednesday, July 23 - 2008 at 16:24
- PRESS RELEASE
Arabtec Construction LLC, a subsidiary of Arabtec Holding PJSC, has been awarded by Cayan, the contract to construct the prominent Silverene Towers, located in world's most exclusive waterfront development at the Dubai Marina.
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About ArabtecArabtec 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. Arabian Construction LLC, the company behind the world renowned and iconic Burj Dubai are widely recognised as one of the top construction companies in the UAE. Arabtec Holdings was formed to invest in the construction sector with a view to benefit from the unprecedented construction boom that is expected to continue over the next few years. The company relies on a highly motivated management team with vast experience in the contracting sector.
Posted by Medilyn Manibo, Assistant News EditorWednesday, July 23 - 2008 at 16:24 UAE local time (GMT+4)
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