Sweet Homes, a UAE-based developer and total solutions provider to the real estate sector, has awarded an AED 450 million contract to Sharjah-based Master Civil Construction Company for the construction of Towers B10, B14 and B15 - three out of the nine towers comprising its AED 1.7 billion ‘Rainbow Towers’ project.
The move follows the completion of an AED 12 million shoring and excavation contract undertaken by Piling Tech for the initial groundwork of the three towers. The high profile residential project in Emirates City in Ajman marks the developer’s first project in the UAE, and is set for completion by the last quarter of 2010.
The agreement was signed by Fahad Sattar Dero, CEO, Sweet Homes Group, and Ehab Nagati Khafagi, general manager, Master Civil Construction Company following a groundbreaking ceremony held recently at the construction site.
The contractor has committed to complete construction within 24 months through its team of engineers, project managers, site supervisors, quantity surveyors and construction workers that have been assigned to the project. The developer has also named Eng. Adnan Saffarini Office, an international engineering consultancy firm as the design and supervision consultant for the project.
“Rainbow Towers is our first real estate venture and it is only fitting that we partner with the best and most experienced firms to ensure the implementation of best-of-breed industry standards in our projects’ construction processes,” said Fahad Sattar Dero. “Piling Tech had finished the shoring and excavation as they have promised in three months, and we now expect Master Civil Construction to provide outstanding services, transform our vision into reality, and aid us in our aims to be one of the first developers to deliver a world-class project in Ajman.”
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