Intermass gets US $220mn contract

Sharjah-based Intermass Engineering and Contracting Company has picked up a US $220 million (AED805 million) contract to build developer Damac Properties' Lakeside project in International Media Production Zone (IMPZ).

Construction on the project has begun and is expected to be completed in 2010.
Construction on the project has begun and is expected to be completed in 2010.

Sharjah-based Intermass Engineering and Contracting Company has picked up a US $220 million (AED805 million) contract to build developer Damac Properties' Lakeside project in International Media Production Zone (IMPZ).

Construction on the project has begun and is expected to be completed by December 2010.

This is the third contract to be awarded to Intermass by Damac in IMPZ.
 

The project has been designed by ARKonsult.

The project will include a complex of two 21-storey and two 22-storey towers with studios and one-bedroom apartments.

Situated on Emirates Road, IMPZ is in close proximity to the Jebel Ali Port and the Jebel Ali Airport City, a free zone incorporating an array of residential, industrial, commercial and community service projects.

"We are delighted to commence construction of yet another masterpiece for the discerning community in the Middle East and worldwide," said Peter Riddoch, CEO of Damac Properties.

The project will also offer amenities such as health clubs for men and women, steam and sauna facilities, a gymnasium, an aerobic centre, swimming pools, a children's play area, a barbecue area, a function room, a tennis court and access to golf courses.

Damac Properties, which attracted a lot of media attention earlier this year over attempts to cancel its Palm Springs project, has announced plans to deliver more than 2300 units this year, followed by an additional 7100 units in 2009 to 2010.

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020