Arabtec wins Fairmont Abu Dhabi contract
Contractor expected to complete the construction of project within the next 30 months
Arabtec has been appointed to construct the Fairmont Abu Dhabi Hotel and Apartment Towers project.
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The National Investment Corporation (NIC) has awarded a more than $275m contract to Arabtec Constructions LLC.
Arabtec will build the 39-storey Fairmont Hotel and Apartments Towers. It will occupy 155,000sqm near the Marina Mall in Abu Dhabi. The project is expected to be completed within 30 months.
“Our Corporation is keen to implement high standards in the accomplishment of its various projects, enriched with contemporary specifications and architectural values in line with the Abu Dhabi Economic Vision 2030,” said Dr Sheikh Sultan Bin Khalifa Al Nahyan, board chairman of the National Investment Corporation.
Under the contract, Arabtec will build the hotel and apartments, maintain the project for one year, and maintain electro-mechanical works for two years after completion and delivery to the National Investment Corporation.
“Arabtec has a long record of completing landmark projects, thus it has been selected for its track record and experience in the development of luxury towers, a selection that we expect to be a success” ?Dr Shaikh Sultan noted.
“Undoubtedly, granting the contract to develop the Fairmont hotel project will add significantly to the company’s portfolio and record in the UAE. The hotel and apartments towers will be a landmark in Abu Dhabi,” said Hassan Abdullah Ismaik, managing director of Arabtec.
