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German/local alliance benefits from JLT boom.(UAE)(Jumeirah Lake Towers)

MEED Middle East Economic Digest

| December 09, 2005 | COPYRIGHT 2005 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The local/German Al-Rostamani Pegel (ARP) has been awarded two contracts for high-rise buildings on the Jumeirah Lake Towers (JLT) development in Dubai. The awards coincided with local real estate developer Al-Fajer Properties unveiling plans for two more towers and US-based Stellar Group being awarded the contract for JLT's district cooling system. JLT, which is being promoted by the local Nakheel, will have more than 70 high-rise towers, nearly all of which will be built by private developers.

ARP has been awarded the estimated AED 145 million ($40 million) contract to build the Indigo Icon tower. The 18-20-month contract calls for the construction of a 34-storey office tower with an A-shaped franm and indigo-coloured glass. The UK's Atkins is the lead consultant. Local real estate developer Emirates Properties Investment (EPI) is the client. ARP is also building EPI's 35-storey Indigo Tower residential project (MEED 8:10:05).

ARP has also started work on the main construction package for the estimated AED 294 million ($80 million) Concorde Tower project. The project calls for the construction of a 45-storey residential tower with associated leisure facilities. The local NSCC has completed the piling, shoring and excavation and dewatering. The lead consultant is the local Arif & Bintoak. The UK's Hyder Consulting is the structural engineering consultant. New York-based 32Group is the client (MEED 25:2:05).

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Source: HighBeam Research, German/local alliance benefits from JLT boom.(UAE)(Jumeirah Lake...

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