L&T, Eastern JV wins key contract
Dubai, October 30, 2007
Larsen & Toubro Limited (L&T) and Eastern International (Eastern) have entered a joint venture to construct a package of the 295 Victory Heights Villas.
L&T is India’s largest engineering, technology and construction conglomerate and Eastern is a Bukhatir Group Company and one of the leading contractors in the UAE.
The value of the package is Dh577 million ($157.11 million).
Yasser A Abdulla Alraee, general manager of Victory Heights, said: “We are very pleased to work in this joint venture with L&T/Eastern Contracting as they both bring capabilities and experiences that will be highly valuable within the Victory Heights development.
“We look forward to working with L&T and Eastern and through this partnership offering our purchasers the ultimate assurance in the quality of our project.”
Throughout the construction process, the developers are also working closely with Bureau Veritas, a globally-recognised consultant, to provide a guarantee of quality and comfort for both Victory Heights and Canal Residence West homeowners. – TradeArabia News Service