Bishoy Edward, chief operating officer of Dhabi Contracting, told Construction Week: “We have the land, and the design, which is by Aecom, has been approved. The project is now being reviewed by the [Abu Dhabi] Urban Planning Council.”
According to Edward, the company is pursuing the project as part of its expansion into property development.
“We have this vision for 2020, similar to Abu Dhabi’s Vision 2020, and as part of that we have decided to develop our own projects,” he explained. “We have purchased plots of land in Al Raha and Saadiyat for commercial and residential projects.”
Edward noted that the Ruwais project is not Dhabi’s first hospitality development. The company owns the 32-storey Biltmore Hotel Tbilisi.
Located in the capital of Georgia, Biltmore Hotel hosts an office of the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC).
Edward further revealed that the contractor currently has $1.6bn (AED6bn) worth of under-construction projects, including Nakheel's $540m (AED2bn) Al Khail Avenue Mall.
To know more about Dhabi Contracting’s plans and projects, check out our exclusive interview with its COO in issue 683 of Construction Week, which will be published on 20 January, 2018.
Source: Construction Week Online
Expotrade Middle East FZ-LLC
Level 9, 907 Aurora Tower, Dubai Media City
PO Box 500686 Dubai, U.A.E.
Tel: +9714-4542135 Fax: +9714-4542136