Dubai-based Omniyat Properties has awarded the main construction contract for The Opus in Dubai’s Business Bay to Multiplex, the developer said yesterday.
The multi-million dirham contract, whose letter of acceptance (LoA) was signed in Dubai by Mehdi Amjad, President and CEO, Omniyat Properties, and Graeme Robson, CEO of Multiplex Middle East and Asia, assigns Multiplex to manage the development’s construction and ensure on-time and on-budget delivery.
Amjad said: “The main driver behind awarding the construction contract of The Opus to Multiplex is its track record of delivering highly complex, prestigious and challenging projects. We are confident that Omniyat and Multiplex can work in tandem to complete The Opus in a timely and cost effective manner.”
Situated on a distinctive island plot in Business Bay, The Opus offers a spectacular view of Burj Dubai and the Signature Towers, without any adjoining properties or projects.
“We are happy to be part of a project that is marking a new era for commercial development in Dubai. Our expertise, which spans over a decade in the Middle East, has successfully delivered prestigious projects such as the Emirates Towers and The Gate Development at the DIFC, among others.
With The Opus we hope to set a new benchmark in the delivery of our services and value that we can offer our clients,” said Robson.
The Opus is designed with blue-chip companies and high net worth individuals – “those who expect high standards and luxury in everything they do, including work” – in mind, Omniyat said in a statement.
“Although it is not due for delivery until 2010, more than 80 per cent of The Opus is already sold out”.Designed by architect Zaha Hadid, the project is valued at Dh1.7 billion.
Dh1.7bn: The value of The Opus project. The Opus is designed with blue-chip firms and high net worth individuals in mind
Multiplex wins contract to construct Omniyat’s Opus in Business Bay