ACC lands AED750m Masdar contract
Construction giant secures major project at Abu Dhabi ecological city
Arabian Construction Company has inked a AED750m ($205m) deal to expand the Masdar Institute of Science and Technology (MIST) campus in Abu Dhabi.
The project will take 18 months to complete and will add 82,000m2 to the campus. The contract includes the construction of student accommodation, seven open laboratories, conference centre, swimming pool and a gym.
According to Hamed Mikati, Director at ACC: “We are honoured to have been awarded this contract and look forward to building one of the world’s leading scientific and technological institutes. As an experienced sustainability contractor, we are taking sustainable building practises and the reduction of embodied carbon into account and look forward to being a part of the future of green construction.”
The new complex will be built adjacent to the existing campus at the heart of the Masdar City development and will include energy-efficient design, natural ventilation and heat reflecting façades. It is currently the only building operational in a project that has been dogged by significant delays and has seen its masterplan revised. Sultan Al Jaber, chief executive, has had to repeatedly state the the project, originally due in 2015, would not be scaled back.
It received a boost in October following the announcement that Siemens is to move its headquarters to the site. The technology giant and Masdar are to jointly implement a power grid and building technologies in the first phase.
MIST was established in cooperation with the Massachusetts Institute of Technology to focus on clean-energy research and technological development.
The contract is the latest in a long line of high-profile wins for the company. Beirut, Lebanon-based ACC has offices throughout the Gulf has snapped up a number of contracts in the last year.In August, the company announced it had been awarded the main contract to build Jordan’s tallest skyscraper, the AED324 million 188m tall Rotana Hotel Tower, in downtown Amman.