AAKAR Developers Limited, a leading Canadian real estate and property developer, has awarded the shoring and piling contract to International Foundation Group (IFG) for the construction of the Canada Business Centre Tower, a commercial tower centrally located in Dubai Business Bay and due for delivery in December 2008. The contract awarding for the company’s first development project in the UAE follows the completion of soil investigation by Al Hai Al Mukaddam and the plot handover by Business Bay authorities, which was witnessed by Sara Hradecky, Canadian Ambassador to the UAE. The contract was signed by Yadvinder Singh, CEO, AAKAR Developers Limited and Dr. Khalil Charif, Managing Director, International Foundation Group.
Under the terms of the contract, IFG will commence foundation works involving shoring and piling excavation using their high rated piling systems, concrete diaphragm walls, excavation support and earth retention systems. The company has appointed a team of industry professionals comprising of site managers, project engineers and supervisors to ensure the completion of the first phase goes according to the schedule set by Cansult, the design and project management consultants for the project.
“As the Middle East’s hub for commerce and industry, Dubai is a prime market for prestigious development projects such as the CBC Tower, which offers prestige and a strategic location in the Business Bay. CBC Tower is set to carry the AAKAR brand of property development to the UAE, and one way to ensure this was to meticulously select our partners for the implementation of this multi-million dirham project. IFG was awarded the contract due to its previous experience and technical capacity and we are confident that the company has the requisite expertise to deliver a project of this magnitude,” said Yadvinder Singh.
Registered in 2003, International Foundation Group is one of the leading companies in the field of specialist geotechnical and foundation engineering and offers services ranging from preliminary assessment of Geotechnical works, conceptual and detail design, to the actual construction of the works. The company’s various projects include Dubai international Financial Center, Mall of the Emirates, Etisalat Telecommunication & Administration building, and Prime Tower in addition to major projects in the region.
“As one of the leading specialist firms in our industry, we are constantly seeking to engage in large-scale property projects with international developers such as AAKAR. With our extensive knowledge and expertise in handling luxurious property developments, we are confident that our highly-skilled industry professionals can handle the enabling works while keeping the highest quality and safety standards,” said Dr. Khalil Charif.
Canada Business Centre Tower offers occupants work and lifestyle spaces with its 19 floors of offices in addition to 7,500 sq. ft. of retail space, fitness amenities (gymnasium, steam room, rooftop pool, Jacuzzi), food courts, shopping boulevard and six-level parking. The commercial tower also boasts of state-of-the-art conference rooms and business facilities. CBC Tower has an enviable central location in the Business Bay and adjacent to Burj Dubai, the world’s tallest building, providing panoramic views to 95 per cent of its offices.
“We place great value at delivering our projects to customers on schedule, and our clients can be assured that the CBC tower will be delivered in December 2008. The successful launch of the tower in the UAE will be followed by more distinctive property projects to the Middle East market”, concluded Singh.
