CSCEC nears completion of City of Lights towers
Contractor is delivering one office and four residential 44-storey towers at Reem Island in Abu Dhabi
China State Construction Engineering Corporation (CSCEC) Middle East CEO Yu Tao has said that the five towers it is building at developer Tamouh's City of Lights project on Abu Dhabi's Reem Island will complete "in a few months".
Tamouh's City of Lights is a series of 13 towers being built around a waterway in the Middle of Reem Island on an adjacent site to Aldar Properties' Shams Abu Dhabi development.
China State Construction is building one office and five residential towers each consisting of three basements, one ground, five podiums and 38 upper floors under a $436m contract signed in 2009. The project had slowed down during the financial crisis, but has been running at full speed again for almost a year, according to Tao.
“We’re a very serious contractor. Once we have signed a deal, we want to deliver," Tao told Construction Week.
"The last five years has seen a lot of clients experience economic problems, but we were very patient. Our approach has been respectful. Once the client has said they want to go full speed again, which was in February or March last year, we increased the resources dedicated to that project and today, we are delivering property worth AED60-70m ($16-19m) in City of Lights.
“I think it is a great achievement and it is giving a lot of confidence to buyers. The property market is now much more stable and investors are keen to move into their homes.”
An interview with Yu Tao appears in issue 550 of Construction Week out on Saturday January 31.