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Major contracts awarded for key real estate projects
29 Jul 2010
Al-Futtaim Engineering has won major contracts worth AED 83 million for supply and installation of lifts and esculators in the UAE.
The announcement follows recent research reports that the UAE construction industry is expected to grow at a compounded annual growth rate of around 20 percent from 2010-2013.The contracts will see the Al-Futtaim group company's Elevators' Division supply 79 elevators and 12 escalators for major real estate projects including the Nation Towers and the Investment Council Headquarters in Abu Dhabi and the Al Hikma Tower project in Dubai.
Dawood Ozair, managing director, Al-Futtaim Engineering, said real estate construction activity is picking up across the UAE after a slow 2009. "We are delighted to be partners in some of the biggest and prestigious real estate projects in the country. The three projects further endorse Al-Futtaim Engineering's core competencies as one of leading vertical transportation solution provider in the UAE," he said.
The 64-floor Nation Towers project in Abu Dhabi will be supplied and installed with 45 Hitachi elevator units and eight escalators.This mixed-use project includes a 350-room 5-star hotel, serviced apartments, loft apartments, office space and an up-market niche retail destination with a total built up area of 300,000 square metres. The project which was awarded by Arabtec and National Projects & Construction (NPC) is expected to be completed by the end of next year.
The 29-level Investment Council HQ Tower project was awarded by Al-Futtaim Carillion. Al-Futtaim Engineering will supply 22 Hitachi elevators and four escalators which feature the Destination Control Selection technology for added convenience. The destination control feature allows guests to select the floor on an LCD terminal on the landings. The system then directs them to the most suitable elevator, thereby reducing waiting and travel times.
Al-Futtaim Engineering will also supply 12-high-speed elevators with destination control technology for the 61-floor Al Hikma Tower project in Dubai. The contract which was awarded by China State Construction was won in April this year and completion is expected in October 2011.
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