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Arabtec Construction has been awarded a US$490mn contract to build a mixed-use, high-rise tower on Sheikh Zayed Road in Dubai
The contractor said the 369.1-metre tower would be built a block away from the Burj Khalifa. It is expected to be one of the 10 tallest buildings in Dubai and the 26th tallest tower in the world.
Arabtec has built seven of the world’s tallest buildings, including the Burj Khalifa, which stands 830 metres tall.
The construction of this new high-rise tower is expected to commence later this month and the project has been scheduled for completion by May 2017. This project has been designed by WS Atkins.
The tower will have 77 floors, comprising 22,000 square metres of office space and 908 square metres of retail area, Arabtec said. It will also house a six-star hotel with 350 rooms and 83 serviced apartments, along with 180 luxury apartments.
Arabtec revealed that discussions were underway with international hospitality brands to appoint a manager for the hotel and the serviced apartments, which would occupy 25 floors of the tower.
The company’s managing director Hasan Abdullah Ismaik said, “This tower will be a quality addition to Arabtec’s high profile backlog in the UAE and across the region. The project is a sign of recovery of the property market in the Middle East and North Africa (MENA) region.”