Arabtec begins tower work
27 Apr 2007
The local Arabtec Construction has started work on a twin tower development at Dubai International Financial Centre (DIFC).
The 22-month contract, which is estimated at more than AED 1,000 million ($272 million), involves the construction of a 49-storey office tower and a 51-storey residential tower on a plot next to the Murooj complex that will act as a gateway into DIFC.
The total built-up area is 370,000 square metres. Al-Basti & Muktha and Al-Shafar General Contracting, both local, were the other bidders.
The project is Arabtec’s latest at DIFC. The contractor is working on the 1.2-kilometre-long truck tunnel, and the Sky Gardens and Gate Village developments.
The UK’s Hopkins Architects is the lead consultant for the project. It is being developed by a joint venture of Dubai Properties and Deyaar Development, the real estate subsidiary of Dubai Islamic Bank (MEED 20:10:06).
Construction update by Imre from 20.02.2009
Islamic Bank Towers