Monday, September 29, 2008

Sunland Group issues LoI to Arabtec for construction of The Atrium

Arabtec Construction, a subsidiary of Arabtec Holding has received a Letter of Intent (LoI) from the Sunland Group in Dubai, for construction of The Atrium at the Waterfront, the new Madinat Al Arab precinct of Nakheel's Dubai Waterfront development at Jebel Ali.

The Atrium from Sunland GroupThe project, worth more than Dh.2.4bn, will consist of all associated civil, structural and electromechanical works, commissioning and external works.

The project, covering more than 3million square feet, will include three basement levels and 68 storey residential towers.

The project will be complete by 2013.

Arabtec, together with Emirates Sunland, a joint-venture group between Sunland and Emirates International Holdings, is now working on two major projects in Culture Village.

One of these projects is the D1 Tower - an 80 storey luxury residential building, and Palazzo Versace Dubai - a 215 room luxury hotel and 169 condominiums.

Madinat Al Arab forms the first phase of the Waterfront project by Nakheel. This premier beachfront precinct will transform the 1.4bn square feet of space into an international community with hotel, residential, retail and commercial developments.

The Waterfront, developed on the last 15km of natural coastline in Dubai, will provide about 70km of coastline in all, including the 23 percent of Arabian Canal. The ideal location of the Waterfront, in proximity to the new Jebel Ali Airport, makes the new precinct completely accessible to the local and international scale.
The Atrium project will be unveiled during the forthcoming Cityscape 2008 to be held in Dubai.

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