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Friday, November 27 - 2009
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Arabtec awarded first tower contract for testing foundations works at Okhta Centre in Saint Petersburg

  • United Arab Emirates: Saturday, September 26 - 2009 at 09:26
  • PRESS RELEASE

Arabtec has signed the first contract for the testing of five deep foundation barrettes, extending to 70 meters into the soft ground, to establish their build ability in the site subsoil and their bearing capacity to support the main 400 meter high tower at the Okhta Centre development in St. Petersburg.

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The value of the contract is approximately Dhs50m and the testing is expected to be completed in 5 months. Work has already started. The contract was awarded by Gazprom-Neft.

Arabtec is expecting to sign the next contract by November for testing 10 piles with various diameters and lengths. This second contract will be similar to the barrettes testing contract and should be completed in 6 months.

The third contract to be awarded by the end of the year will be for testing of the diaphragm wall construction that will, envelope the site.

These series of tests are necessary to obtain the building permit from the planning authorities in Saint Petersburg before the final project permit is issued.

A source at Arabtec said:
"The award of this first contract and the expected further test contracts, confirms the imminent intention of Gazprom-Neft to proceed with its plans to go ahead with the construction of the Okhta Centre Project subject to final tests and designs being agreed and approved."


These awards are separate from the main contract, and their values are not part of the main contract amount, which has been subject to long and intense negotiations with Arabtec Construction for more than a year now.

Arabtec Construction received the Letter of Award for the above project in April 2008 and has since then been working very closely with Gazprom-Neft to develop method statements and budgets for the project.

Gazprom-Neft won final approval this week from the city of St. Petersburg to build what may become Europe's tallest skyscraper.
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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. 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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