This article is from the Australian Property Journal archive
THE Al Habtoor Leighton Group has snared a $6.4 billion contract for a major mixed-use development in Abu Dhabi for Tameer Holdings.
The Al Habtoor Leighton Group’s share is worth approximately $2.1 billion.
Al Habtoor will undertake the project in joint venture with established local contractors Murray and Roberts and Al Rajhi. The joint venture will deliver the project under an alliance structure with Tameer, one of the first such alliances in the region.
The project, known as Tameer Towers, is located on Al Reem Island, a premier development in Abu Dhabi.
The development site, spanning over 920,000 sqm comprises:
• Four residential towers ranging from 42 to 66 floors
• A five-star business hotel
• A 74-level premier office tower
• A canal and significant public areas
• A marina
Work on the project will commence this month, and will be completed in two stages: the residential stage will be completed in June 2011 and the commercial stage will be completed in December 2011.
Australian Property Journal
