SinoGulf gives tower contract to Group Three

SinoGulf Real Estate Investments yesterday said it has awarded the main contract for its mixed-use tower within the Capital Centre master plan to Group Three Engineers Contractors.

The tower's total built-up area of 89,700 square metres provides 41,000 sq m of international grade "A" commercial office space, ground floor retail and seven levels of car parking, a statement said.

Completion of the project is due in the second quarter of 2011. The excavation and piling works, contracted to NSCC, for the four levels of basement car parking is currently nearing completion, it said.

"This project has weathered the regional construction inflation witnessed in the first half of 2008 and the international financial crisis that followed. The resulting product, combined with its location within the 2030 Plan for Abu Dhabi, is a superior designed and highly efficient internationally specified commercial building that will be a premier product in Abu Dhabi commercial office market for years to come," said Andrew Clout, Managing Director, SinoGulf.

"Group Three has been selected through a long, comprehensive and exhaustive pre-qualification process. We look forward to working closely with Group Three to ensure that we, and our partners Eastgate Capital Group and Adnif, are rewarded for our long-term investment."

Khaled Souki, Partner and General Manager, Group Three, said: "Having operated in Abu Dhabi as a specialist contractor for almost four decades, we have remained selective on projects we take on. The SinoGulf development at Capital Centre is an attractive tower.

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