Business | Property

Dh6 billion construction contract for Tameer Towers sealed

Real estate leaders Tameer and Sorouh finalized an agreement with a joint venture of Al Habtoor Engineering / Murray & Roberts / Al Rajhi Projects to construct the landmark Tameer Towers project in Abu Dhabi for a cost of Dh6 billion, bringing the total cost of the project to Dh8 billion.

  • Staff Report
  • Published: 17:35 September 1, 2008
  • Gulf News

Abu Dhabi: Real estate leaders Tameer and Sorouh finalized an agreement with a joint venture of Al Habtoor Engineering / Murray & Roberts / Al Rajhi Projects to construct the landmark Tameer Towers project in Abu Dhabi for a cost of Dh6 billion, bringing the total cost of the project to Dh8 billion.

This announcement represents the accomplishment of a major milestone in the Tameer Towers project, a joint venture between Tameer Holding Investment LLC and Sorouh Real Estate PJSC.

The construction partners will join the Tameer / Sorouh joint venture in an alliance that will include architectural firm Gensler from London, along with the structural engineer Thornton Tomasetti, mechanical engineer Hilson Moran, and facade engineer Buro Happold in addition to the project manager Hill International and the construction manager Bureau Veritas.

Tameer Towers is in SHAMS Abu Dhabi, the new development on Al Reem Island, which is master-planned by Sorouh Real Estate PJSC. Home to 45,000 residents, SHAMS Abu Dhabi will be a completely new self-sustaining city based around canals and parks, which integrates world-class master planning practices and extends the lush green of Abu Dhabi's landscape.

A key area of SHAMS Abu Dhabi will be Central Park, an 8.1-hectare landscaped open space with extensive recreational and educational offerings. Central Park will become a favoured destination for residents of both Al Reem Island and the city of Abu Dhabi and will undoubtedly take its place in the pantheon of great city parks.

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