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Sorouh quarterly updates on construction works at Shams Abu Dhabi
- United Arab Emirates: Wednesday, July 30 - 2008 at 14:14
- PRESS RELEASE
Infrastructure work at Shams Abu Dhabi, Sorouh Real Estate's iconic development on Al Reem Island, is progressing as planned.
Hyder-Halcrow has been selected as the project infrastructure design consultants, while Hill QPI has been appointed Project managers for Shams Abu Dhabi Infrastructure, Sun and Sky Towers.
The 1.5kms of seawall forming the east coastline of the development has been completed. So far all 5949 concrete blocks required to form the marina wall and seawall have been cast, with 1900 blocks (77%) of the marina wall already placed.
The bridge contract is supervised by Cansult Maunsell. Nurol, the contractor, started work in May 2007 and is scheduled to finish by the third quarter of 2009. Concrete substructure construction has commenced and is so far 30% complete.
Due to the architectural slenderness of the bridge decks, it is necessary for the utilities to cross under the canals which each bridge crosses. The finishing of the utility crossings (utilities include power, water, gas, IT, district cooling, irrigation, and drainage) is one of the most critical milestones of the infrastructure completion phase. This work is now 60% complete with work due to be completed by the third quarter of 2008.
Al Geemi & Partners commenced the road and utility works at the end of November 2007, and their targeted date of completion of the utilities is the end of 2009.
In June 2008, Nurol was also awarded the construction of the 4kms of canals and 3 pedestrian bridges.
Shams Abu Dhabi is provided with district cooling of a capacity of 190,000 tonnes. Earlier this year, an agreement was signed with Tabreed to provide district cooling networks and plants for 70,000 tonnes supplying part of Shams Abu Dhabi. An agreement with PAL Technology is being finalised to provide 120,000 tonnes for the remaining areas of Shams Abu Dhabi.
Sorouh also announced that the 74-storey Sky Tower project is progressing to schedule. To date, construction of the tower floor slabs has reached level 36 including 3 floors of basement, and the core of the building has reached its 40th level.
In addition, the 65-storey Sun Tower project is progressing to schedule. To date, construction of the tower floor slabs has reached level 30 including 3 floors of basement, and the core of the building has reached its 36th level.
Callison has been selected to do the concept design for Shams Marina, which will be completed by the end of September 2008. Also, TRI Consultants have been employed to complete the Market Study for this particular development.
The first phase of Shams Abu Dhabi will be completed in the first quarter of 2010 and the expected completion date for the whole development is 2013.
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Notes and media contacts
Abu Dhabi-based Sorouh Real Estate PJSC is one of the UAE's leading property companies, with more than Dhs100bn worth of projects under development. Established in June 2005 with a capital of Dhs2.5bn, Sorouh is now one of the largest real estate developers on the Abu Dhabi Securities Exchange. In July 2008, the company's market capitalization was Dhs23.2bn with approximately 40,000 shareholders.Sorouh is active internationally, with up and coming projects in Egypt and Morocco. Working in master-planning, master-development and property related fields, Sorouh has some of the region's most important developments underway, including Abu Dhabi's Lulu Island, SHAMS Abu Dhabi, The Gate District at SHAMS Abu Dhabi, Alghadeer, Saraya and Golf Gardens, all developed in close cooperation with the Abu Dhabi Government and its vision for the future.
Additionally, Sorouh has developed partnerships with Metro-Goldwyn-Mayer Studios Inc. (MGM) and Rubicon, Inc. (Rubicon) to explore the development of entertainment opportunities within Sorouh's real estate portfolio.
Sorouh has received international recognition for its projects. Recent awards include:
• Best New Business - Middle East Business Achievements Awards 2007
• Best Commercial Project for the Gate District - Abu Dhabi Cityscape 2007
• Best development, Central Park, Shams Abu Dhabi - CNBC Arabian Property Awards 2007
• Best Customer Service Company - Real Estate category, Middle East Excellence Awards Institute 2008.
For more information, please contact:
Emily Hewitt / Lis Griffiths
Four Communications Group Abu Dhabi
Tel: +971 55 985 3371 / +971 55 985 3368
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