ID :
59919
Mon, 05/11/2009 - 13:26
Auther :

ICT awards Dh1.6 billion construction contract for Nation Towers project

Abu Dhabi, May 11, 2009 (WAM) - International Capital Trading LLC (ICT) has awarded a Dh 1.6 billion contract for the construction of the prestigious Nation Towers Mixed use development on Abu Dhabi's Corniche, to a joint venture between National Projects and Construction LLC, and Arabtec Construction LLC.
The development includes two buildings comprising a 64-storey residential tower, a 50-storey hotel and office tower and a retail podium. The site, which straddles the Corniche seafront, features an underground tunnel linking the towers to a beach club.
The total development cost is estimated at Dh 2 billion, covering a built-up area of over 3,390,000 sqft and is forecasted to be commissioned by the fourth quarter of 2011.
Nation Towers is a mixed-use development featuring a luxury hotel, residential loft apartments, offices and a retail shopping area. In addition, the development has a skybridge at the 48th level connecting the two towers.

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