Cayan awards Lamar Towers deal to Saudi Arabian Construction

15 October 2008

The local/Lebanon Saudi Arabian Construction Company has been awarded a SR2bn ($532m) construction contract for Lamar Towers in Jeddah.

The project consists of two towers on the corniche, one will be 60 floors and the other will be 68 floors, linked by a 13-floor commercial space. The taller tower is expected to reach 310 metres in height.

The UAE’s Cayan Investment & Development company is the client.

US-based Turner Construction is the project manager.

The companies originally prequalified for the work included the local El-Seif and Saudi Binladin Group, South-Korea's Samwhan Corporation, Dubai-based Arabtec, and Athens-based CCC (MEED 1:4:08).

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