Arabtec Construction, a subsidiary of Arabtec Holding, has been awarded a US$705mn contract for the construction of a mixed-use development in Al Reem Island, Abu Dhabi
The project, to be constructed on a plot area of 32,000 square metres as part of Al Reem Island, and a built up area of around 350,000 square metres, will house a 61-storey residential tower, featuring 613 furnished apartments and another 15-storey C-shaped tower that will host a five-star hotel offering 400 guest rooms and 200 serviced apartments.
The two towers will be connected by a ballroom and retail block extending 4,600 square metres in area.
Negotiations are under way with a number of hospitality brands for the management of the hotel and serviced apartments, the company said.
Hasan Abdullah Ismaik, managing director and CEO of Arabtec Holding, said, ?We are proud to continue our long-time contribution to the urban development of Abu Dhabi. Arabtec has been actively involved in delivering a host of infrastructural, tourist and cultural projects that constitute some of the major components of Abu Dhabi?s urban evolution as envisaged in Plan Abu Dhabi 2030.?
Construction work on the project, designed by the Architecture and Planning Group, is scheduled to begin in the first quarter of 2014 and will take 36 months to complete.
