Gulf Asia Contracting, part of the multi-billion dollar RP Group, has been awarded over Dh2.28 billion ($620.5 million) in civil and industrial construction contracts in the UAE.

“Gulf Asia Contracting has already built several high-profile residential and commercial buildings in the Gulf, including the French Embassy in Riyadh (Saudi Arabia),” said Vinod Pillai, group general manager of the $4.5-billion RP Group, which has business activities ranging from construction and contracting to healthcare and education.

“While we have made a mark on many of the region’s large urban centres, we strongly believe in the sustainability of the Ajman emirate as we woo new markets. Ajman is an affordable destination and is increasingly becoming attractive to first-time home owners and investors.”

Mid to high-rise residential projects like the City Towers, Ajman Corniche, Yasmeen Towers and the Oasis Towers with distinctive architecture and state-of-the-art amenities are currently under way to modernise Ajman’s skyline, a statement said.

The combined estimated worth of all six Gulf Asia Contracting projects in Ajman is Dh1.78 billion ($488 million), making it one of the biggest contractors to operate in Ajman. Furthermore, these buildings together occupy significant prime real estate in the emirate.

Pillai continued: “Gulf Asia Contracting is currently working with the Ajman Real Estate Investment Company to construct several residential landmark projects in Ajman which we believe are symbolic of the aspirations of a new generation. Gulf Asia Contracting works closely with local companies and partners to provide valuable industry expertise.”

Pillai said that with its proximity to Dubai, the developing emirate could be a major future destination for business and leisure. Ajman tourism revenues reached nearly Dh300 million in 2014, compared to Dh220 million in 2013. The number of guests at hotel and hotel apartments in 2014 increased to 850,000, compared to about 600,000 in the previous years.

Key Ajman projects for Gulf Asia Contracting include the nine-tower City Tower complex, which includes a ground level, a four-storey podium and 20 upper levels; the seven-tower Ajman Corniche Residences, which comprises a basement level, ground level, a six-storey podium and 32 upper levels as well as a health club; Yasmeen Tower, which has a ground floor, four-level podium and 15 floors; and the twin-tower Oasis Towers, featuring a ground level, six podium levels and 30 floors.

The Ajman Bank headquarters (Al Sanad Project) is another prestigious Gulf Asia Contracting project which was recently inaugurated.

Gulf Asia Contracting has also won key hospitality projects in Dubai which include a five-star luxury hotel in Dubai Marina to be operated by Crowne Plaza (Intercontinental Hotels Group). The company has also recently completed a high-end four-star hotel in Bur Dubai, a four-star hotel apartment building in Tecom and several prestigious high-end villa projects. The organisation has a strong presence in Dubai, Abu Dhabi, Sharjah and Ajman.

“RP Group’s focus will remain on optimising resource use, maximising productivity and bringing truly world-class project development skills to the region,” explained Vinod. – TradeArabia News Service