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AED 190 Million Contract Awarded To Ali & Sons To Build Capital House A New Residential Tower In ADNEC’s Capital Centre Development In Abu Dhabi
(27 March 2012)

 

SinoGulf Real Estate Investments and EastGate Capital Group announced today that they have awarded the main construction contract, for their residential tower, within the ADNEC’s Capital Centre Master Plan to Ali & Sons Contracting Co LLC.

The tower comprises 22 floors, offering 332 one and two-bedroom apartments. Other amenities include a swimming pool and gymnasium. The building will also have 418 parking spaces at basement and podium levels and a retail area of approximately 600 sqm and is adjacent to the Grade A LEED rated commercial tower, InternationalTower. Completion of the project is expected in Q4 2013.

Andrew Clout, Managing Director of SinoGulf said:
“Ali & Sons has been selected through a comprehensive and exhaustive pre-qualification and tender process. Their active participation, transparency and willingness to assist is highly appreciated and key to their selection. We look forward to working closely with Ali & Sons to ensure that we, and our partners EastGate Capital Group and UNB develop an exceptionally attractive residential development on the main island of Abu Dhabi.”

Shamis Al Dhaheri, Managing Director of Ali & Sons said:
"We are delighted that SinoGulf Real Estate Investments and EastGate Capital Group have selected Ali & Sons Contracting Co. LLC (ASC) for this contract. We are confident that we will be able to give the highest performance and maintain the highest quality and deliver yet another landmark. This residential tower will be a state of the art product introduced to the Abu Dhabi market."



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