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The US $20 million (AED70 million) enabling works package on Aqaar’s Ajman 1 project will be awarded by the end of this month.

The US $20 million (AED70 million) enabling works package on Aqaar�s Ajman 1 project will be awarded by the end of this month.

The main contractor will be appointed at the end of March, with the construction of phase one of the project in Ajman getting underway during the second half of this year.

Aqaar will work in conjunction with the Ajman Development and Investment Authority (ADIA), to support the emirate�s development as a tourism and business hub.

“We are negotiating with several international contractors for all aspects of construction on Ajman 1,� said Rami Dabbas, chief operating officer, Aqaar, and head of real estate development, ADIA.

“Aligning Aqaar with industry experts will ultimately help to deliver on our promises of building quality and efficiency.�

Phase one, to be completed by 2009, will have 12 residential towers forming the core of the development.

“Plans are on track for work to begin on phase one of Ajman 1. We are concentrating on making sure that a solid foundation is in place so that construction will remain on course and progress methodically so that everything is delivered on time,� added Dabbas.

The entire project, which will be spread over 72,000m2, will house a hotel, commercial tower, serviced apartments and a tower for rental apartments.

UAE-based National Engineering Bureau is behind the project�s design.

The entire development has been earmarked for completion by 2010.

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Friday, January 12, 2007 - 04:00
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