Arabtec, a Dubai-based construction firm, will be building a 39-storey tower in Abu Dhabi containing a Fairmont-branded hotel and apartments.
The firm won a USD 272 million contract from National Investment Corporation (NIC) to undertake the project. Under the agreement, Arabtec will be required to develop the project within a 30-month period and also provide maintenance for 12 months after completion of the building. The contractor will also maintain the tower’s electro-mechanical works for two years after construction.
The 155,000 square meter building will be constructed near the UAE capital’s Marina Mall and corniche. The hotel will house 563 rooms and 249 apartments, along with 13 food and beverage outlets. The project will also have space to park 1,394 cars. The project is expected to be completed in 2016. According to the plans, the hotel will be one of the most luxurious in Abu Dhabi. The hotel will have a unique building that will enhance the beauty of Abu Dhabi’s skyline. The skyscraper has been designed by UAE-based Dewan Architects and Engineers.
Commenting on the firm’s successful bid, Dr Sheikh Sultan Bin Khalifa Al Nahyan, NIC chairman, stated that, “Arabtec has a long record of completing landmark projects, thus it has been selected for its track record and experience in the development of luxury towers – a selection that we expect to be a success, which would further boost avenues of co-operation towards broader horizons in future”. Arabtec has vast experience in the development of towers in the country and the Gulf region. The Burj Khalifa, Abu Dhabi Investment Authority Tower and Emirates Palace are some of the most prominent buildings constructed by the firm.
Recently, Arabtec has won some major deals in Abu Dhabi’s construction sector. In January, the firm successfully bid for the USD 652 million project to build a branch of Paris’s Louvre museum in the UAE capital. The builder is also part of a consortium that won a AED10.8bn government contract to build the new midfield terminal at the emirate’s airport.