EFT contract award soon

The main construction package for the estimated US $122 million (AED450 million) Emirates Financial Towers (EFT) will be awarded this week to one of four companies including TAV Gulf, Dubai Contracting Company, Al Hamad Construction and Dhabi Contracting.

The main construction package for the estimated US $122 million (AED450 million) Emirates Financial Towers (EFT) will be awarded this week to one of four companies including TAV Gulf, Dubai Contracting Company, Al Hamad Construction and Dhabi Contracting. "We will award the contract to the best bidder this week," Hani Abu Auida, CEO, Emirates Financial Towers LLC - the developer, told CW.

"Projacs has been selected as the project manager while Singapore based CBG has been appointed as consultant."

Construction is expected to start next month and has a completion time of 22 months.

EFT is a mixed used development in Dubai International Financial District that will comprise two towers built on three basement levels.

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