Ost wins $17m Memon contract
OST Constructional Projects has been awarded an AED 65 million ($17.7 million) construction contract by Dubai-based Memon investments for the development of Frankfurt Sports Tower I (FSTI).
Projects has been awarded an AED 65 million ($17.7 million) construction contract by Dubai-based Memon investments for the development of Frankfurt Sports Tower I (FSTI). The AED 339 million ($92.3 million) themed residential project in Dubai sports City is expected to be completed by the fourth quarter of 2011
Memon investments joint managing director Rizwan Shaikhani said: “We are confident that its [OST Construction Projects] extensive experience in building high-rise towers will help us achieve our vision for our themed residential development. Efforts to set the bar of quality above everyone else will only be successful if you have the capacity, the financial backing and the people who are up to the task. We are certain that this recent partnership will help us set a new standard for themed apartments in Dubai
Shoring and excavation has finished, said Memon investments, and the contractor has started preparing for construction works
