A local joint venture of Arabtec Construction and Dubai Contracting Company has won a AED 1,076 million ($293 million) contract to build a Conrad hotel on Shaikh Zayed road.
The luxury hotel chain, part of the Hilton Group, will occupy 19 floors, with a further 23 floors of offices, according to Nabil Hamdan, deputy chief executive officer of Arabtec.The 30-month project will start by September.The client is Abu Dhabi's Private Property Management, and the consultant is the US' Smallwood, Reynolds, Stewart, Stewart (MEED 8:6:07).Arabtec's 82-storey Ocean Heights Tower in Dubai Marina is also about to get under way, with completion expected in 2009.
You might also like...
Lunate acquires 40% stake in Adnoc Oil Pipelines
26 April 2024
Saudi Arabia's Rawabi Holding raises SR1.2bn in sukuk
26 April 2024
Iraq oil project reaches 70% completion
26 April 2024
Samana announces $272m Dubai Lake Views project
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
