Al Fahim Group And Ali & Sons Sign Agreement (17 October 2010)
Al Fahim Group and Ali & Sons Contracting sign contracting agreement. TDIC partners Al Fahim Group for new Bab Al Bahr Commercial Tower worth over AED 200 million. TDIC and Al Fahim Group launched their first joint venture, Fairmont Bab Al Bahr operated by Fairmont Hotels & Resorts, in 2009.
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Complimenting the stretch of five-star hotels and resorts on Abu Dhabi’s creek, the Tourism Development & Investment Company (TDIC) has once again partnered with Al Fahim Group to build a first-rate commercial tower where they have awarded Ali & Sons Contracting the development and hired Khatib & Alami as consultants on 17 October 2010.
“Since our establishment in the late 1950s, Al Fahim Group has continued to advance parallel to Abu Dhabi’s development encouraging business opportunities to cultivate,” commented Mr. Rashed Abdul Jalil Al Fahim, Managing Director of Al Fahim Group. “B2B Hotels & Properties is a joint venture between TDIC and Al Fahim Group created to expand the growing district of Abu Dhabi creek, also called Bab Al Bahr – Gateway to the Sea, enabling business travelers to be in close proximity to the capital’s touristic and commercial landmarks.”
With access to the beachfront and a breathtaking view of the Shaikh Zayed Mosque amid the Gulf, the commercial tower will be the first of its kind in new Abu Dhabi city. Covering a total area of 18,000 square meters (sqm), and a total build-up area of almost 70,000 sqm, the tower consists of nine floors with two levels of underground parking capable of holding over 600 cars at once. Catering to high-end corporations, the ground floor of the structure will be divided into retail spaces, restaurants and cafés. Each floor is around 3,300 sqm of open space for companies to freely design their offices to fit their business requirements.
"Ali & Sons Contracting is proud to be associated with Al Fahim Group and TDIC. Ali & Sons Contracting since its establishment in 1979 has strived towards completing distinguished projects that can help develop the economy of the United Arab Emirates as well as create a landmark with high quality and challenging technical solutions," commented Mr. Shamis Al Dhaheri, Managing Director, Ali & Sons Group. “We are committed to offer our clients superior quality work, unparalleled service and to establish a reputation as a responsible, progressive and valued partner. Our aim is to always deliver the best and we look forward to completing this project on time and with the best quality.”
Worth over AED 200 million and due to open in the first quarter of 2012, the commercial building is designed to enforce a tranquil yet progressive work environment. The amazing view of the Arabian Gulf on one side combined with the tower’s glass exterior will surely instill serenity at a normally busy business setting, while also inviting a culture of openness and transparency internally.
In October 2009, TDIC and Al Fahim Group also launched their first joint venture, Fairmont Bab Al Bahr, operated by Fairmont Hotels & Resorts, corroborating both organizations’ determination to sustaining the economy and advancement of Abu Dhabi.
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