Multiforms wins $34m Tiara contract
Dubai , July 30, 2007
Multiforms has won a Dh125 million ($34 million) contract from leading construction contractor Arabtec to execute the façade work of Tiara Residence.
The Dh2.1 billion ($572 million) development by Zabeel Investments comprises seven residential towers and a hotel, located on the main trunk of Palm Jumeirah.
Multiforms, the region's largest UPVC and architectural aluminium supply-and- installation company and subsidiary of Emaar Industries & Investments (EII), will design and install the external envelope and curtain wall façade for all seven residential towers.
Multiforms will undertake the region's first wood composite panel cladding on Tiara Residence. Cladding work on the 15-storey towers featuring one, two and three-bedroom apartments and a penthouse floor will begin mid-August and is scheduled for completion by March, 2008.
'Tiara Residence is one of the iconic projects in our portfolio, not only for its location on the Palm Jumeirah but also for the construction standards that the project upholds,' said managing director, Arabtec Construction PJSC, Riad Kamal.
'Tiara Residence sets new benchmarks in architectural and construction excellence, and will be a landmark project in the portfolio of every company associated with its development. The contract for Tiara Residence highlights our leading role in façade development and the significant partnerships we have regionally with leading contractors such as Arabtec,' said managing director, Multiforms, Firas Rifai.
Construction of the project is overseen by Dar Al Handasah, while sales and management, once completed, will be by Asteco Property Management.
Multiforms meets the growing demand for high performance architectural UPVC, aluminium windows, doors, and curtain walls in the region, and recently made international strides through its partnership with Multiplex (UK) Construction.- TradeArabia News Service