Malaysians awarded DIFC tower job
2 Jun 2006
Malaysia’s Peremba Construction (PECD) has been awarded the estimated AED 400 million ($109 million) main construction package on a twin-tower, mixed-use development in Dubai International Finance Centre (DIFC). Located next to The Gate building, the project involves the construction of a 51-storey residential tower and a 13-storey office tower. The local Dutch Foundations has completed the foundations package; US-based Gensler Associates is the concept architect; South Africa’s DSA Architects is the local architect; LC Consulting, also of South Africa, is the structural engineer; and the client is the local Al-Fattan Properties (MEED 27:01:06).
PECD Bhd's wholly owned subsidiary Peremba Construction Sdn Bhd has received a letter of award from Al Fattan Properties (LLC) for a RM394.5 million project in Dubai.
In an announcement on June 20, PECD said the award was for the construction, completion and maintenance of Al Fattan Mix-Use Development at the Dubai International Financial Centre in the United Arab Emirates.
PECD said the scope of works of the project comprised the construction of a residential 52- storey tower, which includes a residential tower, office building , pavillion including four basement car park levels and two levels podium.
It said the project was secured through direct negotiations and was its fourth major project in Dubai. It said the 30-month project was expected to contribute positvely towards its earnings for financial year ending 31 December 2006.
PECD said its current unbilled total order book todate amounted to RM1.3 billion, with 60% comprising the group's overseas operations.
DUBAI - Property developer Al Fattan Properties has awarded a 400 million dirham (US$108.9 million) contract to build a tower in Dubai to Malaysia's Peremba Construction, a wholly owned subsidiary of Malaysia's PECD Bhd.
PECD said in a letter to the Malaysian bourse that had it received a letter of award from Al Fattan covering the construction,
completion and maintenance of the Al Fattan mix-use development in the Dubai International Financial Center.
The project comprises the construction of the Al-Fattan Towers, which includes a 52-story residential tower, a 10-story office building, a pavilion with four basement parking levels and two-level podium. The project duration is 30 months from the date of site possession.
"This latest addition to its portfolio of projects in Dubai is a good indicator of the group's growing reputation in the highly competitive construction sector in this region," PECD said in a statement.
For 2006, PECD aims to remain focused on its core strategies of expanding business overseas namely in Sudan, Indonesia and the UAE as well as growing its energy and property divisions.
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