Saturday, August 04, 2007

L&T joint venture wins construction deal worth $150m

According to a statement, The L&T - ECC (Eastern Contracting Company) joint venture has been awarded the $150 million construction contract for construction of Victory Heights Golf Residential and Development.

The Victory Heights Golf Residential and Development is basically a joint-venture between the Dubai Sports City and Arcapita, an investment Bank based in Bahrain.

The L&T-ECC joint venture will construct the final phase of the Victory Heights luxury residential community project in Dubai Sports City.

The project comprises construction of 295 villas in the Calida, Novelia, Carmen and Morella villages of the community. The entire project of Victory Heights covers 25 million square feet of space and contains 935 town homes and villas located in and around 'The Dunes' golf course. Prices begin from Dh.2.87 million.

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