ID :
12066
Thu, 07/10/2008 - 16:06
Auther :
Shortlink :
https://oananews.org//node/12066
The shortlink copeid
Sorouh selects Hill International as project manager for six towers at Shams Abu Dhabi
Abu Dhabi, July 10, 2008 (WAM) - Hill International announced yesterday that it has been awarded a contract by Sorouh Real Estate PJSC, one of Abu Dhabi's leading real estate companies, to provide project management services for Gateway Towers 3 to 8 at the Shams Abu Dhabi development.
The four-year contract has a value to Hill of approximately AED 128.6 million (US$35.0 million).
Construction of the six mixed-use towers is expected to cost approximately Dh5.9 billion (US$1.6 billion) and be completed by May 2012. The six towers will have a total built-up area of approximately 1.1 million square meters (11.8 million square feet). In addition to these projects, Hill is providing overall program management services to Sorouh during design and construction of the entire Shams Abu Dhabi development which includes residential, office, hotel, retail, entertainment and parking facilities, including Sky Tower, a 74-story residential and commercial skyscraper, which will be thetallest building in Abu Dhabi upon its completion.
In addition, Hill is providing project management services for TameerTowers, a mixed-use waterfront development located within Shams Abu Dhabi.
The Gateway Towers will be hallmark features of the Shams skyline," said Raouf S. Ghali, President of Hill's Project Management Group(International).
Abu Dhabi-based Sorouh Real Estate PJSC is one of the UAE's leading real estate companies, with projects worth more than Dh45 billion under development. Set up in June 2005 with a capital of Dh2.5 billion, Sorouh is now one of the largest real estate developers on the Abu Dhabi Securities Market. In March 2008, Sorouh had a market capitalization of approximatelyDh20.7 billion and approximately 40,000 shareholders.
The four-year contract has a value to Hill of approximately AED 128.6 million (US$35.0 million).
Construction of the six mixed-use towers is expected to cost approximately Dh5.9 billion (US$1.6 billion) and be completed by May 2012. The six towers will have a total built-up area of approximately 1.1 million square meters (11.8 million square feet). In addition to these projects, Hill is providing overall program management services to Sorouh during design and construction of the entire Shams Abu Dhabi development which includes residential, office, hotel, retail, entertainment and parking facilities, including Sky Tower, a 74-story residential and commercial skyscraper, which will be thetallest building in Abu Dhabi upon its completion.
In addition, Hill is providing project management services for TameerTowers, a mixed-use waterfront development located within Shams Abu Dhabi.
The Gateway Towers will be hallmark features of the Shams skyline," said Raouf S. Ghali, President of Hill's Project Management Group(International).
Abu Dhabi-based Sorouh Real Estate PJSC is one of the UAE's leading real estate companies, with projects worth more than Dh45 billion under development. Set up in June 2005 with a capital of Dh2.5 billion, Sorouh is now one of the largest real estate developers on the Abu Dhabi Securities Market. In March 2008, Sorouh had a market capitalization of approximatelyDh20.7 billion and approximately 40,000 shareholders.
