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Emaar Pak awards Crescent Bay piling work contract

Karachi, September 3, 2008

Emaar Pakistan, the country-subsidiary of global property developer Emaar Properties, has awarded the piling work contract for towers in plot 7 & 8 within Crescent Bay to Paragon Construction, a leading Pakistani company.

Crescent Bay is the pioneering master-planned community being developed by Emaar Pakistan and is part of its multi-billion dollar investment in the country’s real estate sector.

Saleem Butt, chief operating officer, Emaar Pakistan, signed an agreement with Aftab Siddique of Paragon Construction recently.

As per the contract valued at over Rs2 billion ($260 million), Paragon will undertake the piling work for Reef and Pearl Towers within Crescent Bay, and complete it in six months.

The work on the super structure and mechanical, electrical and plumbing (MEP) will start thereafter, said Butt.

“Crescent Bay is energizing Karachi’s property sector as the pioneering master-planned community that brings in world-class standards in engineering and construction. Paragon Construction has been selected for the piling work for their accomplished track record in working with landmark projects,” he remarked.

“Awarding the contract and undertaking the work also highlight our commitment to hand over properties in Crescent Bay to the customers on schedule. By working with Pakistani companies, we are also contributing to the overall socio-economic growth by creating job opportunities,” he added.

Aftab Siddique of Paragon Construction said, “Emaar Pakistan’s Crescent Bay is one of the most prestigious undertakings in Pakistan now, and it is our privilege to be associated with the project. We will employ cutting edge technology and tools, and execute the project as per schedule.”

Emaar Pakistan has revolutionised the construction sector in the country with the introduction of advanced technologies such as the Tunnel Form System, which helps Emaar to develop high-quality villas swiftly.

Emaar Pakistan recently launched Coral, Pearl and Reef towers within Crescent Bay to overwhelming customer response. During the launch, property was offered to 850 pre-registered applicants. 

Emaar Properties has expanded to Pakistan in line with its Vision 2010 to become one of the most valuable companies in the world through geographic expansion and business segmentation.-TradeArabia News Service 




Tags: Crescent Bay | piling work | Emaar Pakistan |

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