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Engineering and construction company Arabtec Holding PJSC's subsidiary EFECO has been awarded a US$272mn contract to carry out mechanical, electrical and plumbing work at Abu Dhabi Plaza
The development, under construction, is a JV of Arabtec and Consolidated Contractors Company under a contract worth US$1.08bn with Aldar Properties.
The Abu Dhabi Plaza is a 500,000 square metre mixed-used development located at the heart of Astana in Kazakhstan. The development comprises five towers, the tallest of which will measure 320 metres. The complex features 566 luxury residential apartments, 107,000 square metres of commercial office space, a five-star hotel with additional serviced apartments and a 50,000 square-metre retail podium.
This is EFECO's first project outside the Middle East region, and has been confirmed as the second major project this month, after the US$239mn contract at Abu Dhabi International Airport's Midfield Terminal- a JV between EFECO, BK Gulf, and China State.
Hasan Abdullah Ismaik, chairman of EFECO, said, "We have a strong aspiration to develop the company into a global leader in the MEP sector, and have put in place the right senior management, along with some of the best talent in the industry to support the business and maximise shareholder value."
Established in 2001, EFECO offers MEP services to the construction industry in the Middle East, through its operations in the United Arab Emirates; Qatar; Jordan and the Kingdom of Saudi Arabia. It provides design, procurement, installation, testing and commissioning services for electrical, air conditioning, plumbing, sanitary works, instrumentations, telecommunication and fire-fighting systems in residential and commercial developments.