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The Habtoor Leighton Group (HLG) has secured a US$395mn contract from the Al Habtoor Group for constructing the residential towers at its upcoming city project in Dubai
The new residential towers project is a mixed-use development located adjacent to the proposed Business Bay creek canal extension. It includes two 75-storey and one 52-storey buildings. HLG will also build a seven-storey podium comprising five floors of retail and parking space.
HLG’s associated business, HSSG, will undertake the enabling works for the project. Construction of the residential towers has been scheduled for completion within 32 months, once the enabling works are finished.
The US$1.3bn Al Habtoor city project with a total build area of about 390,000 sqm will comprise a fashion hotel, W, a luxury hotel, St Regis, and the main hotel, Westin. It will also house a 1,400-seat Las Vegas-style aqua theatre and three large basement levels, among other facilities.
The development, which is coming up on Sheikh Zayed Road near the Burj Khalifa and the Dubai Mall, has been scheduled for completion in 2016. HLG is the main contractor for this project and has been working on the hotel developments since 2012.
HLG managing director José Antonio López-Monís said, "We have delivered numerous major projects for the group in the past. We are delighted to be selected to build, what would become, one of Dubai’s most prestigious and recognizable developments."
HLG is 45 per cent owned by the Al Habtoor Group, while Austrialia's Leighton Holdings owns the remaining stake.
Al Habtoor chairman Khalaf Al Habtoor said, "HLG has built some of the most prominent landmarks in Dubai and the UAE, which include the Terminal 3 at the Dubai International Airport and the Burj Al Arab. We have an optimistic view on the construction market and anticipate a significant increase in opportunities over the next few years."