SinoGulf awards $51m Abu Dhabi contract
Abu Dhabi, March 26, 2012
SinoGulf Real Estate Investments and its partner EastGate Capital Group have awarded Dh190 million ($51.3 million) contract to Ali & Sons Contracting Company for the construction of its residential tower in Abu Dhabi.
The 22-floor tower offering 332 one and two-bedroom apartments comes within the Adnec’s Capital Centre master plan and is expected to be completed in the fourth quarter of 2013.
The other amenities at the tower include a swimming pool and gymnasium. The building will also have 418 parking spaces at basement and podium levels and a retail area of 600 sq m and is adjacent to the Grade A Leed rated commercial tower, International Tower.
Andrew Clout, the managing director of SinoGulf said, 'Ali & Sons has been selected through a comprehensive and exhaustive pre-qualification and tender process. Their active participation, transparency and willingness to assist is highly appreciated and key to their selection.'
'We look forward to working closely with Ali & Sons to ensure that we, and our partners EastGate Capital Group and UNB develop an exceptionally attractive residential development on the main island of Abu Dhabi,' he stated.
Shamis Al Dhaheri, the managing director of Ali & Sons said, 'We are confident that we will be able to give the highest performance and maintain the highest quality and deliver yet another landmark. This residential tower will be a state of the art product introduced to the Abu Dhabi market.'
'ASC is associated with many mega projects within the UAE including the lately handed-over opening of phase 2 of Al Wahda Mall project. It maintains the highest quality, the highest management systems and an on time delivery record,' he added.-TradeArabia News Service