Eshraq awards $39m Marina Rise contract to Al Sweidi & Shams
The Abu Dhabi building is scheduled for completion by the end of 2019
Al Sweidi & Shams Contracting has won the $39 million main works contract for the Marina Rise project on Abu Dhabi’s Al Reem Island, according to a statement issued by real estate developer Eshraq Properties Company.
The development is in the Cove District on Al Reem Island and is a single residential tower with two basement levels, ground floor, two podium floors and 24 floors of apartments. Once complete, the development will boast 233 residential units in studio, one-, two- and three-bedroom configurations. The building will also offer 271 car-parking spaces as well as retail space.
“We are pleased to award this contract to Al Sweidi & Shams Contracting, a company with a proven track record of quality work and timely delivery. Once complete, the Marina Rise will be an exceptional new addition to the Reem Island community,” said Khaleefa Al Mehairi, an Eshraq board member.
The building is said to be within walking distance of Galleria Mall and Cleveland Clinic Abu Dhabi, and is scheduled for completion by the end of 2019.
