ACC and TDIC to build Abu Dhabi Hotel
ACC wins US $236.85 million contract
Arabian Construction Company and Tourism Development & Investment Company will form a joint venture to build the Regent Emirates Pearl Hotel after winning a construction contract worth around US $236.85 million (AED 870 million).
The 10,000m2 development, which will stand at 240m-high once complete, will be located on the Abu Dhabi Corniche and is set to open 2012.
The development project will sit on a 10,000m2 plot comprising four podium levels, 45 floors, 377 rooms and suites and 60 furnished apartments.
ACC’s chairman said that the Regent Emirates Pearl contract is an exciting project for ACC to be involved with as the development is set to become a landmark of the Abu Dhabi skyline.
ACC has worked on projects such as the Sheikh Zayed Grand Mosque, Capital Plaza, Emirates Palace Hotel, Sorouh’s Gate District and Al Dar’s Central Market Redevelopment.
TDIC is a master developer of tourism real estate assets within Abu Dhabi. The company is charged with assisting the provision of infrastructure.