Unec wins $109m Schon Business Park contract
Dubai, September 14, 2008
Schon Properties has awarded a Dh400 million ($109 million) contract to United Engineering Construction (Unec) for construction of its Schon Business Park.
The project will provide much needed flexible commercial spaces for start-up businesses or multinational companies relocating to Dubai, said a company official.
The Business Park has been designed to provide a unique and self-contained environment for its occupants, both owners and tenants.
"Ideal both as an investment, whereby space can be bought and then leased out of for businesses who want to own their own premises, the Park offers complete flexibility, competitive prices and state-of-art facilities and amenities," said Asher H. Schon, vice president at Schon Properties.
"Businesses and investors can choose from a variety of spaces, in differing stages of preparation, up to and including turnkey spaces," he noted.
According to Schon, the decision to partner with Unec was based on the construction firm’s impressive track record and portfolio of projects, including Tameer Palace, Dunes Village and Phase II of the Dubai Silicon Oasis.
Unec will start the construction work this month and will complete it in the next 18 months, said a top Unec official.
“Schön Properties has managed to position itself as one of the leading property developers in such a short period of time. We are excited to be working with Schon and are determined to provide the same superior services we have extended to all our clients,” said Abdul Haleem Muwahid, Unec managing director.
Unec will be responsible for the construction of a massive commercial-office complex consisting of shell and core retail and office spaces covering a total of 500,000 sq ft.
Total build area is a little more than 1,146,888 sq ft. The deal includes construction work on the basements, superstructure, MEP, as well as hard and soft landscaping.-TradeArabia News Service