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Shanghai giant snares US $149mn Time Towers deal



Abu Dhabi-based real estate developer, 5 Pioneers Property Development, has awarded a US $149 million (AED547 million) contract to China's Shanghai Lonjian Industry Corporation for the construction of Time Towers in the Najmat Abu Dhabi project on Al-Reem Island.

Construction of the towers will begin this month and has a completion time of 28 months.


Khalid Al-Shamsi, chairman, 5 Pioneers Property Development said that the project consisted of two towers, one residential and the other commercial, both joined by four floors containing a parking lot and shops.

The total parking space accommodates 1112 cars, with 25 floors of offices and 26 floors containing 318 residential units.

The commercial manager of Shanghai Lonjian Industry Ramzi Malouf, said the corporation was the largest private company in the field.

According to Malouf, the corporation was also granted an international award for quality over a period of ten years, during which it has achieved a series of huge construction projects.

Malouf also said that construction industry in the UAE was one of the largest in the region, and that it contributed largely to domestic production.

"This in turn has made it a magnet for foreign investment and construction projects for conglomorate construction companies," he said. Shanghai aims to complete the towers in record time.

Location: http://wikimapia.org/#lang=en&lat=24.485118&lon=54.399447&z=17&m=b
 

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Yeahhh!! This is the big daddy of Najmat Abu Dhabi.... I bought an apartment there. I love this tower, its located close to the Island's only Marina, it has Abu Dhabi's biggest mall just to the rear and 2 five star hotels on the marina close by.

And you just have to cross the bridge connecting Abu Dhabi with Al Reem Island and its there on the right hand side.

Cant wait to see this big boy completed.

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I was just informed that the foundation works have started on this tower. They have finished the piling and shoring.... now its the foundations.

The developer informs me that they are in full swing and dont have financial difficulties as other developers do.

Keep it up!!

Anyone else have an apartment here??

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Hi,

Does anyone have any photos of this? I hear that the foundations are now completed.... layin the ground floor.... can anyone confirm this? I have photos of the piling works bein done a while back.

This is gona be amongst the first towers to complete in Najmat I suspect.

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Hi,

Does anyone have any photos of this? I hear that the foundations are now completed.... layin the ground floor.... can anyone confirm this? I have photos of the piling works bein done a while back.

This is gona be amongst the first towers to complete in Najmat I suspect.

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Sorry to dissapoint you but Time Tower progress is very slow. The foundation piling is not completed,or if now just completed and the underground car park (first construction) is not started from what we have seen from site site visit 1 month ago.
 

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ON HOLD

5Pinooners you guys make my laughing
which progress you are talking about it, simply you are faking the progress by putting pictures with 6 labours doing the show for you.
The project being on Hold since last JUNE due to funding issues.
With such contarctor Palm Arabian and managment like you, I doubt you are going to finish this project.
Tell me what is your acheivments?
Tell me what is Palm Arbaian Aceivments?
Think again about this
 
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