HLG announces completion date for The Buildings
The contract is worth AED700m and due for completion by December 2011.
The Al Habtoor Leighton Group has announced the scheduled completion date for the Daman Investments project The Buildings as December 2011.
The contract, worth AED700 million and awarded to HLG in May this year, involves resuming and finishing construction of the project located in the heart Dubai International Financial Centre, which has already commenced.
On completion, the project will consist of three towers, including a 20-storey office block, a 60-storey hotel and a 60-storey apartment block, which will be linked to the hotel by a steel inter-connection.
HLG CEO and managing director, Laurie Voyer, said, “While there has been an adjustment to the Dubai building market, there are still a number of prospects for us with clients who value quality and creative delivery mechanisms.
“Dubai remains part of the group’s ongoing growth plans.”
He added that the group was pursuing several other opportunities across the GCC region and that the company is hoping to announce some additional new contract wins in the coming months, particularly in the infrastructure sector.
“We’re seeing significant opportunities in large-scale infrastructure across the region,” he said.