Thursday 25 April 2024
 
»
 
»
Story

Tabari ... business expected to grow.

Drake & Scull clinches $49m residential tower deal

DUBAI, January 25, 2015

 Dubai-based contractor Drake and Scull International (DSI) said one of its subsidiaries has been awarded a Dh180 million ($49 million) engineering contract for a 38-storey residential tower, located at Jumeirah Village South in Dubai, UAE.

The Reef Residence project is being developed by Sama Alkhaleej Real Estate Development Company, a wholly owned subsidiary of Reef Real Estate Investment Company.

The engineering consultant is National Engineering Bureau and the project is managed by Arcan Project Management Services.

Drake and Scull said as per the deal its subsidiary Gulf Technical Construction Company (GTCC) will provide civil, architectural, mechanical, electrical and plumbing services for the 38-storey tower Reef Residence being built in Dubai.

The scope of work includes complete construction of two basements, a ground floor, and 38 floors in the heart of the rapidly developing Jumeirah Village area in Dubai.

The tower will be built on the periphery of the development, adjacent to the Els Club Golf Course in Dubai Sport City. The tower comprises 378 homes, a combination of studio, 1 and 2 bedroom apartments in addition to seven retail units that face the Sheikh Mohammed Bin Zayed Road. Lifestyle amenities include a large, landscaped leisure deck with BBQ areas and a playground, two swimming pools and gym.

On the project win, Khaldoun Al Tabari, the chief executive and vice-chairman, said: “We are delighted to have been chosen by Reef Real Estate to build the prestigious Reef Residence Tower in the heart of Dubai’s booming prime real estate."

The UAE is one of the biggest markets for Drake & Scull Construction (DSC) where GTCC has delivered many landmark projects, he stated.

"The residential tower is a significant development in Dubai, and its addition to the GTCC portfolio is in line with our expansion plans in the UAE and Dubai in particular which boasts of a thriving construction sector," remarked Al Tabari.

According to him, GTCC has successfully worked on several leading developments in the UAE and will continue to build upon its impressive track-record.

“Overall, we expect the region’s general contracting business to grow significantly in the near future and benefit from our integrated capabilities to undertake advanced engineering, oil and gas, and rail related works in collaboration with our subsidiary companies,” he added.-TradeArabia News Service




Tags: Projects | contractor | Drake and Scull |

More Construction & Real Estate Stories

calendarCalendar of Events

Ads