Register | Forgot password?
Switch to Arabic
Sunday, November 22 - 2009

Ishraqah awards Dhs687m construction contract to Arabtec Construction to build Onyx Towers in Dubai

  • United Arab Emirates: Monday, August 24 - 2009 at 17:00
  • PRESS RELEASE

Ishraqah for development, a real estate development company owned by Al Zahran Group and Bin Mahfouz Group of Saudi Arabia, has awarded the Dhs687m, construction contract of the Onyx Towers to Arabtec Construction LLC, a subsidiary of Arabtec Holding PJSC.

Article continues below
 
The Onyx Towers project is a multi-purpose free-hold development located on Sheikh Zayed Road, next to Emaar Business Park.

The project will be built on a 22,000 m2 land plot with a total built-up area of 202,800 m2. It will consist of 3 buildings, a 16-storey tower and a 25-storey tower with amenities, office and retail space, and a 14-storey, 4-stars business hotel, with 10 suites and 200 rooms.

The project also features space efficiency with 36 high speed elevators and optimum parking for 1920 cars. The three buildings will be linked via an interconnected podium area.

The Project Management is assigned to Masharea, a multinational Middle East company. KEO International Consultants are responsible for the Engineering and the Supervision of the works.

Commenting on the launch of this project, Mr. Abdullah Bin Mattar AlFalasi said, "The large investment allocated to this project underscores our belief that Dubai's re-emergence must be supported by developments such as The Onyx, which create the optimum environment for busy executives. The project's strategic location and spectacular views will appeal to the most discerning investor. With the combined expertise and international network of the two companies, working on this project has been a very satisfying experience."

Mr Riad Kamal, the CEO of Arabtec Holding, commented:
"We are proud to be associated with the development of the Onyx project, which reconfirms our long term belief and commitment to the United Arab Emirates construction market' and specifically Dubai. Our record and experience in the construction of such iconic developments is unparalleled and we are honored to be selected for the development of such prestigious project."


The enabling works are nearing completion and the construction is scheduled to commence in September 2009.
Also consider reading:
Log in to request more information from Arabtec Construction

Notes and media contacts

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:

Mustafa Al Khafaf
Project Manager
Sahara Communications
PO Box 73310 Dubai - UAE
Tel: +971 4 3298996
Fax: +971 4 3298995

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions