Business | Property
Arabtec signs Dh664 million-construction contract for Saba 4
Saba Properties JLT has awarded Arabtec LLC, a subsidiary of Arabtec Holding PJSC, a Dh664 million contract for the construction of its latest tower, Saba 4.
Dubai: Saba Properties JLT has awarded Arabtec LLC, a subsidiary of Arabtec Holding PJSC, a Dh664 million contract for the construction of its latest tower, Saba 4.
The Tower is located in the Jumeirah Lakes Towers precinct in Dubai. Work on the project's infrastructure is already underway, while development of the main structure is expected to begin in the first quarter of 2009.
The tower is 222 metres high and has 51 floors dedicated for business spaces, a parking lot for business offices and a number of other facilities to cater to the needs of the offices.
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular

