|
Arabian Construction Co (ACC) has been awarded a contract to build the Regent Emirates Pearl Hotel in Abu Dhabi by The Atlas Group, in a joint venture with Tourism Development & Investment Company (TDIC) at an estimated value of AED 870 million.
Designed by award-winning Austrian architect Dennis Lems, the Regent Emirates Pearl is scheduled to open in 2012 and is located opposite the Emirates Palace hotel on the Abu-Dhabi corniche, and adjacent to Etihad Towers, another project that is being constructed by ACC.
The development sits on a 10,000m2 plot comprising four podium levels + 45 floors; 377 rooms and suites; 60 furnished apartments and will stand 240m high with a total built-up-area of 130,000m2.
ACC’s chairman said that the Regent Emirates Pearl contract is an exciting project for ACC to be involved with as the development is set to become a landmark of the Abu Dhabi skyline.
ACC has been operating in Abu-Dhabi since 1968 and is associated with many of the capital’s landmark buildings including Sheikh Zayed Grand Mosque, Capital Plaza, Emirates Palace Hotel, Sorouh’s Gate District and Al Dar’s Central Market Redevelopment. The company has completed some of the UAE’s tallest developments, including the Almas Tower and Rose Rotana Tower in Dubai.
TDIC is a master developer of leading tourism real estate assets within Abu Dhabi. The company is charged with assisting the provision of a world-class infrastructure which will fulfil the emirate’s ambitions of becoming a truly global destination of distinction.
The Atlas Group is a leading UAE-based telecommunications company which is diversifying into the hospitality sector. The group has a luxury business hotel in Dubai Media City, and is already considering a second Dubai property with long-term plans for boutique hotels and exclusive residential villas in the Seychelles.
|