Hydra Towers construction contract awarded to Kele Contracting

Kele Contracting, which has worked with Hydra Properties on pre-tender construction and planning, has already commenced work on site. All enabling work, including shoring, piling and excavation activities, has been completed and the sub-structure works are now on-going. Work is on schedule for the planned completion date of the end of 2011 for the towers.

Hydra Towers consists of five high-rise buildings, of between 20 and 36 floors, at a strategic location in Business Bay. The wholly freehold commercial complex offers views of the bay, harbour projects and the Arabian Gulf. One of the towers is dedicated wholly for businesses owned and operated by women.

Ali Bin Sulayem, Chief Executive of Hydra Properties, said:

"We are pushing ahead with construction on many different projects in Abu Dhabi and Dubai, and we are delighted to report this progress on Hydra Towers. Kele Contracting is a well-respected company, sharing with us the focus on on-time delivery for our customers."

Andrew Elias, Chief Executive Officer of Kele Contracting, said, "We are delighted to have been awarded this prestigious contract. Hydra Towers has a unique architectural design and we feel privileged to be able to add it to our portfolio of projects. We are now well into the execution phase and on track for completion."

Kele Contracting LLC is a Dubai based company established in partnership with Enshaa PSC and the Australian affiliate Kele International Holdings. It has an order book of contracts worth more than Dhs2.5bn, all of which started in 2009 and all of which are currently under construction.