Arabtec Construction Awarded AED2.59 Billion Contract In Abu Dhabi’s Reem Island

Arabtec Holding PJSC, a leading engineering and construction Group specialising in complex projects in the Middle East and North Africa region, announced today that its subsidiary, Arabtec Construction, has been awarded an AED2.59 billion contract for construction of a mixed-use development in Al Reem Island, Abu Dhabi.

The project, to be constructed on a plot area of 32,000 m2 as part of Al Reem Island, and a built up area of around 350,000 square meters, will house a 61-storey residential tower, featuring 613 furnished apartments and another 15 storey C-shaped tower that will host a five star hotel offering 400 guest rooms and 200 serviced apartments. The two towers will be connected by a ballroom and retail block extending 4,600 sq.m in area. The development will also have 3,275 sq.m food and beverage space and 3,795 sq.m function space.

Negotiations are underway with a number of world-leading hospitality brands for the management of the hotel and serviced apartments.

Source: Press Release