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Arabtec wins $193m Dubai tower contract

by Andy Sambidge on Jan 31, 2010

11 Comments

Arabtec has secured a new contract.

Arabtec Holding, the biggest construction company in the UAE, said on Sunday it had won a building contract valued at AED710 million ($193 million) to build the first stage of an 80-storey tower comprising a five-star hotel.

The Dubai-based company’s Arabtec Construction unit received a “letter of award” from Tasameem Real Estate Co, of Abu Dhabi to build “P17 Tower” on Sheikh Zayed Road, Dubai, according to an company statement posted on the Dubai Financial Market website.

It said the project would take 38 months to complete, adding that the tower had been designed by Atkins and comprised 80 floors, including a luxury hotel, furnished apartments, offices and a health club.
Last week, Arabtec Construction announced it had won a $190m contract to build the Bridge Towers office and hotel project at West Bay, Doha in Qatar.

The project comprises two buildings, one with 45 floors of office space and a 45-storey five star hotel.

FEATURED COMMENT

Good luck and best wishes to Arabtec to get the contract in this recession period. Good chance to get job to those engi

11 Comments

Readers' Comments

asif (Sep 21, 2010) India

Good luck
Good luck and best wishes to Arabtec to get the contract in this recession period. Good chance to get job to those engineers who have lost their job.

rebeca (Apr 6, 2010)
ajman
United Arab Emirates

mep contractor
mep work must be for efeco

Khozema Kazi (Feb 6, 2010)
Dubai
United Arab Emirates

Arabtec wins P17 tower contract
Congratulation to Arabtec and Atkins for getting the opportunity to build this landmark, on behalf of STANLEY Security Solutions.

Laeeq Hasans (Feb 6, 2010)
Dubai
United Arab Emirates

After long time....
Thanks God after a looong time, we get some positive sign an good news about this prject. Congatz Arabtec and hopefully we'll keep getting this type of news. Insha Allah

shamroze khan (Feb 4, 2010)
dubai
United Arab Emirates

amazing
Good thing that devlopments are still on trak.any one who win it effect to many .any way congrutulation arabtec

Ramesh (Feb 2, 2010)
DUBAI
United Arab Emirates

CONGRATS
CONGRATS .... IT IS REALLY GOOD NEWS.........ON WINNING THE PROJECT IN RECESSION PERIOD..

Mohamad Faizal bin Zainodin (Feb 1, 2010)
Singapore
Singapore

Congrats on the opportunity
A very big congratulations on Arabtec on the opportunity. I am excited to see the potential that this place can bring. Coming from a Facilities Management Solutions background, i am really excited to see how the FM team is able to help in appreciating the asset value over the years as well as providing quality service to the tenants.

KSURESH KUMAR (Feb 1, 2010)
Abu Dhabi
United Arab Emirates

Congratulations Arabtec
Congratulations for awaring this prestigious project.

Hassan (Jan 31, 2010)
Manama
Bahrain

This doesn't make sense!
With the current over supply in the residential and commercial units in Dubai; it is strange that someone is actually building on SZR. How did they make the feasibility studies to work? and do they know something that other don't? Great knews for Arabtec and good luck for the developer.

sachin parab (Jan 31, 2010)
dubai

arabtec new jobs
great news to arabteck in recession period may be civil engineer will gets more jobs over there

ram (Jan 31, 2010)
dubai
United Arab Emirates

Congrats
Congrats to ARABTEC

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