ALEC says it has won contracts worth $1.1 billion over the last three months, including work at the luxury Bulgari Resort Hotel in Dubai.
The UAE-based contractor, a subsidiary of the Al Jaber Group, says the contracts include four landmark developments in Dubai.
One is a $380 million contract for the planned 5-star Bulgari Hotels and Resorts, which will also include a marina, being built on the Dubai coastline and scheduled to open in 2017.
The contract was awarded by real-estate firm Meraas Development, which has an agreement with Bulgari to build the hotel. The development will be “sculpted in the shape of a titanic seahorse”, according to promotional literature.
Meraas also awarded ALEC a $327 million contract for “Wharf Retail Construction Works” at the new Bluewaters development in Dubai, the contractor said.
Other wins for ALEC include a $272 million contract for work at the Residences at Marina Gate development in Dubai. “ALEC will be collaborating with its Related Businesses, ALEMCO (MEP business) and ALEC FITOUT, on the first two towers of this development, recently awarded by Select Group,” the contractor said.
ALEC was also awarded work on the second phase of the Dubai Festival City Mall extension by Al-Futtaim Group Real Estate.