China’s CNTC wins main contract for Reem Island’s Pixel project
Work on IMKAN project’s seven towers begins immediately with completion set for Q4 2021
IMKAN has appointed Chinese construction company CNTC as the main contractor for its Pixel project.
Located in the developer’s Makers District on Reem Island, Pixel comprises seven towers and 525 residential units.
It will also comprise of 26 amenities; such as homegrown F&B, retail, interactive public areas, co-working spaces and creative hubs all “aimed at enriching the lives of the community’s residents and visitors.”
Work on the MVRDV-designed seven towers will begin immediately, said IMKAN, with the project scheduled for full completion in Q4 2021.
“CNTC is one of the biggest construction companies in China, and their experience combined with our commitment to developing research-based communities, gives us confidence that Pixel’s seven towers will be delivered utilizing some of the most innovative and diverse construction solutions in the region,” said IMKAN’s CEO Walid El-Hindi.
“We are looking to the future and the union of our companies is a reflection of the close relationship the UAE shares with China, a relationship that is only set to grow. Abu Dhabi is a hub for global trade and the UAE is set to play a pivotal role in the China Belt and Road Initiative – already we see sixty per cent of China’s exports passing through our ports and the pending addition of the Shanghai Stock Exchange to Abu Dhabi Global Markets (ADGM) also indicates how invested the two countries are in a shared future.”
Vice President of CNTC, Xinrong Xu, added.: “We welcome this collaboration with Abu Dhabi-based real estate developer IMKAN. Through this partnership, CNTC and IMKAN will translate our shared foresight for Pixel into reality. China and the UAE enjoy a symbiotic relationship that encompasses culture, investment and trade and is underpinned by a deep understanding of the important role we both play in the region’s economic development and prosperity.”
