Arabtec was awarded a contract for the execution of Fairmont Abu Dhabi valued at more than Dh l billion

The National Investment Corporation (NIC) has awarded a more than Dh1 billion-contract to Arabtec Constructions LLC, to carry out the main construction of the Fairmont Abu Dhabi hotel and serviced apartments.

Under the contract, Arabtec will build the hotel and apartments, maintain the project for one year, and maintain electro-mechanical works for two years after completion and delivery to the National Investment Corporation.The project is expected to be completed within 30 months.

Hasan Abdulla lsmaik, Managing Director of Arabtec, said, "Undoubtedly, granting the contract to develop the Fairmont hotel project will add significantly to the company’s portfolio and record in the UAE. As we thank H.H. Dr. Sheikh Sultan Bin Khalifa AI Nahyan, Board Chairman of the National Investment Corporation, and all board members, we would like to emphasize Arabtec’s ability to complete the project, leaving its recognised architectural signature that will make the hotel and apartments towers a landmark in Abu Dhabi."

The Fairmont Hotel and Apartments Towers are owned by the National Investment Corporation. Managed by Confluence Project Management; the project’s design was finalized by Dewan Architects and Engineers.

The project occupies an overall lot area of 155,000 square meters’, and is located near Marina Mall in Abu Dhabi.

Most guest rooms will have unobstructed breath-taking views of the Corniche and the skyline of Abu Dhabi city. The project involves the construction of a 39-storey tower with a total built-up area of 178,000 square meters, composed  of 563 rooms and 249  apartments, 13 food and beverage outlets and 1,394 parking lots.

600450 Arabtec was awarded a contract for the execution of Fairmont Abu Dhabi valued at more than Dh l billion
Date: 22 February 2013

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