Emirates Financial Towers awards Al Habtoor piling contract

Al Habtoor Construction, who was among the five companies who was short listed has been awarded the contract for piling. Al Habtoor has already started mobilizing on the site. Work will commence next week. The venture based in the DIFC is one of many prestigious projects being constructed in Dubai's future financial hub and is being recognized as the signature development of the district.

'It pleases me to make the announcement that we have officially taken over the site to start work on our project' said Mr. Mazhar Ul Haq, EFT Chief Executive Officer. 'By having a well renowned firm such as Al Habtoor doing the piling work, I feel the project will be completed on time.'

Investor interest in the Towers has been enthusiastic since the plans for its development were unveiled by the company last year. Emirates Financial Towers is intended to be a multi-use development that promises to offer Grade-A office space, in a state-of-the-art and innovative design. Coalescing premier commercial and residential space, the architects of the stylish EFT structure have presented a unique design that features a distinctive elliptical profile with an embedded transparent sky bridge, allowing it to be particularly conspicuous on the Dubai skyline.

'With the project expected to be completed by the end of 2008, there has already been a huge demand for space within it.' said Mr. Mazhar Ul Haq.'The unique architectural design of the Emirates Financial Towers helps to exemplify what the Dubai International Financial Centre is about; this building is a symbol of the bold progress occurring in this part of the Middle East.'

Emirates Financial Towers recently signed an agreement with PROJACS International Company to become its Project Management Company (PMC) for the Emirates Financial Tower. PROJACS International is the largest Pan-Arab project management firm boasting 14 offices in 14 major cities in the Middle East, North Africa, Asia and Europe.