• HSBC

Arabtec awarded SR2bn contract to build Lamar Towers in Jeddah

Arabtec Saudi Arabia has received today a Letter of Award to build the Lamar Towers in Jeddah in the Kingdom of Saudi Arabia with a total contract value of SR2bn.

The Lamar Towers Project is an important strategic high rise luxury project on the Jeddah Sea Front Courniche, the project consists of two towers the tallest tower stretches 68 floors while the other consists of 60 Floors, and incorporates residential and commercial units as well as a shopping mall.

The main investor in the project is Zahran Real Estate Company while the main developer is Cayan Investment & Development Company.

The project is scheduled to start immediately since the major enabling and site preparations work is already completed and the project is expected to take 36 months to complete.
The Lamar Towers in Jeddah, Saudi Arabia.
The Lamar Towers in Jeddah, Saudi Arabia.
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About Arabtec:

Arabtec 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. Arabtec Construction Company 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. Mr Riad Kamal, a founding shareholder, has overseen the development of several construction projects in Dubai and Abu Dhabi since 1975, many of which are considered landmarks in the UAE and soon to be recognised worldwide. Some of these buildings and landmarks include the Jumeirah Beach Residences, Al Mazaya Sky Gardens, Emirates Hills Developments as well as DIFC Gate Village.

For further information, please contact:

Bassam Al Naimi
Branch Manager
Sahara Communications
PO Box 73310 Dubai - UAE
Tel: +971 4 329 8996
Fax: +971 4 329 8995

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