Wednesday, September 10, 2008

Saba 4 construction contract worth Dh664mn awarded to Arabtec

Saba Properties JLT has awarded Arabtec LLC, a subsidiary of Arabtec Holding PJSC, with a Dh.664mn construction contract of its latest tower, Saba 4.

The Saba 4 tower, located in Jumeirah Lakes precinct of Dubai, has its infrastructure works well under progress, and the development of main structure will happen in first quarter of 2009.

The tower, which is 222 meters in height, has 51 storey dedicated for business space, parking, and several other amenities, required to cater to needs of offices.

The Chairman of Saba Properties, Javaheri, said "Arabtec has a wonderful engineering vision, which has manifested in development of high quality developments, whether commercial or residential, with an integral architectural framework. This has proven to have outstanding status in the market through construction of various landmark projects and strategic plans. We are pleased to work with Arabtec, and will render complete support to this agreement and future agreements that would help realize the expectations of both our companies."

Arabtec Holding PJSC, known as Arab Technical Construction Company PJSC, is a Public Joint Stock Limited Liability Company, formed in 2004 for investment in the contracting sector through establishing, acquiring and owning shares in construction related companies in UAE and abroad.

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