Friday, December 29, 2006

Larsen and Tourbo strengthens its presence in the Gulf region

India’s leading Engineering, Construction and Technology Company, Larsen and Tourbo (L&T), is aiming for major construction projects in the GCC (Corporation Council for Arab state of the Gulf) region. After being awarded with the orders for buildings residential properties in Dubai from Trident International and Nakheel, L&T has now been awarded a residential township project worth $120 million at Sohar located in Oman. The properties are expected to be ready by mid of 2008.
Apart from Trident International and Nakheel’s project located in Shaikh
Zayed Road, the Indian Major also won the Marinascape Project of Trident
International Holdings (TIH) worth Dh.440 million. The project covers a total
area greater than 900,000 Sq.ft., located in Residential Twin Towers at the
Dubai Marina comprising of more than 200 villa complexes and condominiums.
The Nakheel’s project with a total built-up area of 178,050 Sq.mts., involves construction of twenty seven residential blocks. The number of apartments on the whole will be 1908, and the project is executed by the Construction Divison of L&T, ECC. Nakheel, being the leading project developer in UAE, is involved in various development projects worth $12 billion in Dubai. In addition to this, it has a variety of milestone construction in Dubai to its credit. With these orders now in hand, L&T has further made its presence felt in the Gulf region. Of-late, L&T along with its Oman-based subsidiary has obtained five contracts to provide water supply system to two towns in Oman, construction of two office and commercial buildings with thirty nine storeys and two thirty five and twenty five storied luxury condominiums in Dubai.

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