ACC gets Pentominium construction contractby Sarah Blackman on Sep 7, 2009
Arabian Construction Company (ACC) has been awarded the contract to build the world’s tallest residential tower – the Pentominium in Dubai Marina.
Trident International Holdings awarded the US$400 million (AED1.46 billion) contract, which covers the construction of 170,000m2 of built up area in exactly two years.
The 124-storey Pentominium – to be based in Dubai Marina – will be one of the world's tallest man-made structures and is projected to be the second-tallest building in the world after Burj Dubai.
"With a strong pedigree of iconic projects under its belt, ACC boasts solid expertise in high-rises, with structures such as Elite Residence, Almas Tower, Rose Tower and The Westin Hotel. ACC came across as the natural winner and choice," said Trident International Holdings executive director and CEO Wazir Daredia.
"Pentominium is a unique project that escalates the concept of luxury living to new heights and with construction major ACC on board, the project has joined a bouquet of brand partnerships we have forged for the development.”
The Pentominium will be the tallest all-residential building in the world upon completion and it currently has the highest projected height of any residential building under construction, according to Aedas, the project designers.
- First InterCityHotel to open in Muscat by 2020
- UAE’s Barakah nuclear plant sets global benchmark
- Video: A view of The Waterfront’s worksite in Oman
- Indian foreign investors top UAE realty market
- EDF joins Masdar-led MBR solar park consortium
- UAE: ADNOC Distribution opens new Xpress station
- Work on MGM hotels in Dubai to begin by Q3 2017
- Morocco: Two developers merge to form new entity
- MGM to build two iconic Las Vegas hotels in Dubai
- Parsons wins $408m Sharjah airport expansion deal