Damac awards AED 170 million main contract to Target Engineering and Contracting co.
Luxury lifestyle provider and the region’s leading private developer, DAMAC Properties, awarded an AED 170 Million main contract to TARGET Engineering and Contracting Co. The property company commissioned TARGET to conduct the construction of Executive heights, the company’s first iconic office tower located at the International Media Production Zone (IMPZ). The project is due to be delivered in 2009.
TARGET Engineering and Contracting are considered amongst the leading contractors in the UAE. They are accredited with the construction of stunning projects in Abu Dhabi and have recently been commissioned to execute the building of the Ritz Carlton Hotel at the Dubai International Financial Centre (DIFC).
“We selected TARGET Engineering and Contracting from a short list of leading contractors in the UAE due to our faith in the outstanding quality of their work”, said Peter Riddoch, CEO at DAMAC Properties.
“We believe they are going to deliver an exquisite project that will undoubtedly stand out as one of the most dynamic office towers in Dubai”, added Riddoch.
Executive Heights is a 25-storey towering masterpiece housing luxurious freehold offices and leisure facilities and is due to feature 300,000 square feet of freehold office space. The project will comprise state of the art facilities, including a health club, swimming pool, jogging track, stylish restaurants and cafes, as well as ample parking space.
The building’s design and finishing will allow customers to experience a luxury lifestyle that is second to none.
“All DAMAC Properties developments provide architectural splendor that has become DAMAC’s trademark. Executive Heights will undoubtedly live up to the substantially high standard that DAMAC has set as a benchmark for all its developments”, commented Riddoch.
DAMAC is the first private developer to launch residential and commercial projects on key master planned development introduced by the Dubai Government, namely, the Palm Islands in Jumeirah and Jebel Ali, Dubai Marina, Dubai International Financial Centre (DIFC), Jumeirah Lake Towers, Discovery Gardens, and the International Media Production Zone, and Jumeirah Village South.
The total value of DAMAC Properties’ projects is over AED 15 Billion. It is a subsidiary of the DAMAC Holding established in 1982. An accredited ISO 9002 company, DAMAC Holding has now grown into a global conglomerate with more than 6000 employees in 18 countries. Being the first private sector Company to make a commitment to Dubai’s real estate market, DAMAC properties has become the market leader with a strong sales record to its credit.
- DAMAC Properties awards 1 billion AED contract for “DAMAC Towers by Paramount
- ACC-POSCO Joint Venture awarded Strategic Water Storage and Recovery Contract in Abu Dhabi worth AED 1.6 billion
- Memon Investments awards AED 84.5 million contract for ‘Champions Tower IV’
- DSI secures its second major KSA contract worth AED 460 million