Business | Construction
Transemirates to build Dubai Gate 2
Bonyan International Investment Group has recently awarded a Dh350 million Dubai Gate 2 project to Transemirates Contracting (TEC), a major construction company in the Gulf.
- Staff Report
- Published: 00:15 June 29, 2008
Dubai: Bonyan International Investment Group has recently awarded a Dh350 million Dubai Gate 2 project to Transemirates Contracting (TEC), a major construction company in the Gulf.
"The developer's 35-storey residential development will offer 442 luxury apartments and seven retail areas within Jumeirah Lakes Towers, a waterfront community situated adjacent to Shaikh Zayed Road," the company said in an e-mailed statement.
The contract follows the resolution of a series of issues concerning the delay by the previous contractor in the construction phases, which the new contractor will be addressing, in line with the developer's commitment to deliver the project by 2010.
Quality
"As we partner with Transemirates Contracting who will take the helm in the construction of Dubai Gate 2, we reiterate our commitment to the delivery of the project and the upholding of the level of quality, which we maintain across all our developments," said Abdullah Atatreh, chairman, Bonyan International Investment Group.
"We have the highest confidence that this partnership will help us meet the expectations of our clients in terms of deadlines and construction standards."
Headquartered in Dubai and with branch offices in Sharjah, Abu Dhabi and Al Ain, TEC has established a strong reputation in the regional market due to its involvement with a number of prestigious commercial and residential projects such as Mercato Mall, Marina Crown, MAG 214 (Jumeirah Lake Tower) and Al Khaili Tower.
The contractor will be deploying adequate number of workers, in addition to engineering, administration, safety and supporting staff, who will be working towards the delivery of the project.
On-time delivery
"We will build on our reputation as a company that emphasises quality workmanship and on-time delivery to satisfy high-profile clients such as Bonyan," concluded Yousuf Al Mulla, managing director, TEC.
Bonyan Group has recently launched the 'Eye of Ajman' project, a Dh3.5 billion community project, which marks the developer's inaugural venture in the emirate.
In a unique move, Bonyan Group has guaranteed investors continuous electricity supply in its flagship master development in Ajman.
At present, the company has developed Dh3 billion worth of residential and commercial developments, including Rose Tower and LuLu Tower, Dubai Gate 1, Sharjah Gate and ABBCO Tower.
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