Select Group has appointed China State Construction Engineering Corporation Middle East (CSCEC ME) as the contractor for the first phase of its latest waterfront project, Peninsula,
CSCEC ME was appointed by Select Group due to its extensive and exceptional track record, as well as its firm commitment to its core values of quality, safety and reliability, the leading developer explained in a statement.
It also described CSCEC as the largest and most established international contractor in the Middle East, and noted that it has provided integrated construction solutions in the region for over 16 years, contributing tremendously to the development of the local economy: “The company’s outstanding project delivery experience in the UAE complements a portfolio that boasts some of the region’s most iconic and urban constructions.”
With an estimated contract worth of AED 629 million ($171 million), CSCEC with kick-off phase one works of the eagerly anticipated mega-waterfront project in January 2022.
“Our partnership with CSCEC ME demonstrates our commitment to excellence,” said Rahail Aslam, CEO, Select Group. “The appointment of a world-class contractor like CSCEC ME is a further testament to our focused strategy of working with only the best-in-class partners, seamlessly aligning with our core pillars of delivering market excellence.”
The initial phase of the Peninsula waterfront development comprises of three separate residential developments, including high rise towers and low-rise waterfront residences, meticulously blending into the first community-focused residential master development in Business Bay.
Yu Tao, CEO, CSCEC ME said his firm was delighted to be leading the first phase of construction of the Peninsula development.
“We look forward to working with Select Group to bring this exceptional project to fruition,” he said. “We are confident that we will contribute to the excellence of Peninsula, further strengthening Select Group’s position as a leading real estate and property developer in the region.”