New mixed-use development is being built in Kazakhstan
Emirates Falcon Electromechanical Company (Efeco), a subsidiary of UAE-based Arabtec Holding, has won a AED1bn ($272m) mechanical, engineering and plumbing (MEP) contract for the Abu Dhabi Plaza that is being built in Astana, Kazakhstan.
The 500,000 square metre mixed-use development comprises five towers, the tallest of which will be 320 metres. The complex will offer 556 luxury apartments, 107,000 square metres of office space, a five-star hotel with serviced apartments, and a 50,000 square-metre retail podium.
Abu Dhabi Plaza is currently under construction by a joint venture of Arabtec and Consolidated Contractors Company, which was awarded an AED4bn contract by Aldar Properties in June last year.
The award of the contract in Kazakhstan, Efecos first project outside the Middle East region, follows the AED878m contract at Abu Dhabi International Airports Midfield Terminal awarded last week to a joint venture between Efeco, BK Gulf, and China State Engineering Corporation.
Efeco became a 100 per cent owned subsidiary of Arabtec in October 2013, when Arabtec Construction completed the acquisition of the remaining 45 per cent stake in the company.
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