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05 July, 2017
Arabtec Construction, a wholly owned subsidiary of UAE-based Arabtec Holding, has been awarded a $96m (AED353m) contract to build the UAE Pavilion for Expo 2020 Dubai.
The contract was awarded by Abu Dhabi National Media Council (Abu Dhabi NMC), according to a statement issued by Arabtec Holding to Dubai Financial Market (DFM).
The UAE Pavilion has been designed by Spanish architect Santiago Calatrava to resemble a falcon in flight.
The project will be situated opposite Al Wasl Plaza in the centre of Expo 2020’s 4.38km2 exhibition area.
Commenting on the contract award, Hamish Tyrwhitt, group chief executive officer of Arabtec Construction, said: “The UAE Pavilion project marks yet another achievement on our roadmap to a sustainable and successful future.
“It highlights our strategic focus on the UAE as our core market, and also demonstrates our commitment to building our future through the development of social infrastructure, in addition to instilling a performance-based culture within our organisation,” he added.
Arabtec will commence work on the project in July 2017, and the contract is scheduled to be delivered in Q4 2019.
The UAE Pavilion will be built on a 15,000m2 plot, and will boast a total built-up area of 19,200m2. The structure will feature a 2,000m2 upper floor, while a 662m2 mezzanine, a plaza level, and related facilities will be spread across a 3,000m2 area. The project’s 13,300m2 ground level will include a garden and a car park.
The news follows yesterday’s announcement that Emirates Falcon Environmental Co (EFECO), Arabtec Holding’s mechanical, electrical, and plumbing (MEP) arm, had secured a $31m (AED113m) deal with Al Naboodah Co to conduct MEP works for Creekside 18 Towers in Dubai Creek Harbour.
In May 2017, Wasl Asset Management awarded Arabtec Construction the $398m (AED1.46bn) main contract for its Wasl Tower development on Dubai’s Sheikh Zayed Road.
Tyrwhitt, who was appointed as Arabtec Holding’s group CEO in November 2016, was recently included in fifth place on Construction Week’s 2017 Power 100, our annual ranking of the Middle East’s most influential construction professionals.
In Q1 2017, Arabtec Holding recorded its first quarterly profit since 2014.
SOURCE: CONSTRUCTION WEEKLY