ACC wins $142m Pearl Qatar contract
Doha, September 17, 2008
QACC, a subsidiary of Lebanon-based Arabian Construction Company (ACC), has been awarded an estimated $142 million contract to build residential buildings at the Viva Bahriya district on the Pearl-Qatar in Doha.
Known as VB 29, the project involves the construction of a 20-storey residential tower with a two-level podium, a five-storey apartment building, and town houses in a total built-up area of 91,000 sq m.
The construction is expected to be completed in 26 months. This is the second contract that QACC has bagged from the project developer, United Development Company (UDC).
QACC general manager said ACC’s first project with UDC in 2006 was a $170 million devlopment consisting of two mixed use towers, also on the Qatar Pearl project.
QACC is constructing a total of 5 towers on the Pearl for 3 clients: UDC, First Qatar Real Estate and UAE-based Capital Investments.
Viva Bahriya is being touted as “the perfect location for family living, celebrating the essence of the Northern Mediterranean”.
The family destination wraps itself around a harbour and is bordered by a clean white beach. Moroccan styled townhouses and apartments with their Moorish elegance offer 360 degree views across the harbour and towards the beach.
Residents and visitors will be able to enjoy the landscaped marine promenade, have access to a wide range of water sports and a variety of gastronomic and shopping opportunities.
After 40 years in business, ACC have expanded extensively across the Middle East region and are now working on the biggest and most prestigious projects in different countries.-TradeArabia News Service
More Construction & Real Estate Stories
- Tunelling experts to meet in Dubai
- New mortgage rules to drive UAE property boom
- Sub-Saharan real estate set for big growth
- Cluttons names professional services head
- Hill wins key Doha tower project
- Dubai wins Expo 2020 with HOK masterplan
- UAE property group to invest $54m in Turkey
- Industrial facility rents up in Abu Dhabi
- DB Schenker breaks ground on new Dubai facility
- Arabtec inks $1.2bn UAE hospital contract