The local/Lebanese Arabian Construction Company (ACC) has signed the estimated $250 million main contract for the Capital Plaza development in Abu Dhabi. The award, one of the largest in recent years for a building project in the capital, involves the construction of a large mixed-use development on a plot adjacent to the Sheraton hotel on the Abu Dhabi corniche (MEED 19:11:04).
Bids for the 32-month main package were submitted a year ago by four contractors: Athens-based Consolidated Contractors International Company (CCC); Turkey's Nurol Group; Saudi Oger; and ACC, which also carried out the piling package.The project covers the construction of five towers, ranging in height from 30 to 45 storeys, on top of a seven-storey retail podium and a four-level basement car park. Three of the towers will be residential, providing a total of 260 apartments, one tower will house a 250-room hotel, while the fifth and final tower will be a 25,000-square-metre office building. It is expected that the development will be connected to the beach via a tunnel under the corniche.The design consultant is the US' Smallwood, Reynolds, Stewart, Stewart & Associates; the project manager is CRSS International, part of the US' Jacobs Engineering Group. The client is the local Real Estate Investment & Services Company (Reisco).
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