Sunday, March 18, 2007

TAV awarded the $120m Emirates Financial Tower

The Emirates Financial Towers awarded the construction of its tower worth $120 million at the Dubai International Financial Center (DIFC) to TAV (Tepe Akfen VIE Investment Construction and Operation).

Emirates Financial Towers are basically twin structures comprising 26 Storeys with Grade A office space, residential units and shops.

The contract follows a number of earlier agreements of Emirates Financial Towers with companies such as Al Qurg Engineering for the supervision of construction works, Projacs International for project management, MAG Robotic Systems for development of the hi-tech parking facility which is likely to have fully automated parking space, the largest ever in the world.

The Chief Executive of Emirates Financial Towers, Hani Abu Auida, has mentioned that TAV has been awarded the contract due to their high achievement records that are in consistency with the goals of Emirates Financial Towers so that it reaches the highest professional standards while also adhering to the deadlines.

TAV has won this project by competing with five other companies. Though the prominent development of TAV is the airport construction, it has several other projects in UAE, Turkey and other countries. The completed projects of TAV are worth $1 billion, while its ongoing projects are worth about $1.3 billion.

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