Al-Rostamani Pegel wins more towers

21 July 2006
The local/German Al-Rostamani Pegel (ARP) has been awarded three contracts worth more than AED 900 million ($245 million) in Dubai. The contracts cover towers on Shaikh Zayed road, Business Bay and Jumeirah Village.
The local/German Al-Rostamani Pegel (ARP) has been awarded three contracts worth more than AED 900 million ($245 million) in Dubai. The contracts cover towers on Sheikh Zayed road, Business Bay and Jumeirah Village.

On Sheikh Zayed road, ARP has been awarded the AED 500 million ($136 million) main construction contract for the Latifa tower project. The 32-month contract calls for the construction of a 55-storey residential tower and seven-level basement with a total built-up area of 155,000 metres. The local Dutch Foundation has completed the foundations package. The consultant is Egypt's Conin; the local Archiplan is the project manager; and the client is a private developer.

ARP has also been awarded two contracts by local developer KM Properties for the Park Lane tower project in Business Bay and the El-Matador project at Jumeirah Village. The
estimated AED 210 million ($57 million) Park Lane tower contract involves the construction of a 32-storey mixed-use building with a total built-up area of 64,000 square metres. Uruguay's Carlos Ott is the architect.

For El-Matador, the estimated AED 200 million contract covers the construction of a 42-storey building with a built-up area of 55,000 square metres.

The consultant is Germany's Kling Consult (MEED 14:4:06).

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