The clients include Abu Dhabi Department of Municipalities and Agriculture for providing cooling services to the Grand Mosque as well as a mixed-use development comprising five blocks – a hotel, retail, office and two residential towers for Al Hamid Group. Other contracts include Dhabi Enterprises Est. - to provide cooling services to a 20-storey commercial and residential building and Abu Dhabi Retirement Pension and Benefits Funds for its new building.
Furthermore, under a deal with Aldar Properties for its Al Raha Gardens project, Tabreed will provide cooling services for all residential villas and commercial developments as well as all the TAALEEM Schools within the Al Raha Gardens project. “Tabreed is all set for another record-breaking year ahead following its successes in 2005,” said Dany Safi, the company’s CEO. “These wins are important additions to our existing Abu Dhabi client portfolio and we are building three new plants to service some of them, while others will be supplied from our existing plants.
“The new cooling plants, at the Police Guard area and at Khalifa City will be ready by April 2009. They will increase our capacity to supply cooling services to more developments in the area by 80,000 TR.”
Tabreed has also launched two regional subsidiaries – Saudi Tabreed earlier this year and Jordan District Energy in August, reaffirming its status as the world’s largest district cooling company.
District cooling is now widely used throughout the UAE and works by piping chilled water from a centralised plant to a range of residential, commercial and government buildings.
Landlords are attracted to the maintenance-free, economic and environmentally friendly cooling benefits of the technology, while tenants enjoy reduced ambient noise and better temperature control in their homes, making it the perfect solution for all cooling requirements.
Commenting on the
award of the contract to the piling foundation company which has a
trail of proven track record in the regional construction industry,
a top official of Sheffield Real Estate said mobilisation of the
work area has already begun preparing the ground for the
construction of one of the tallest hotel apartment towers in the
world, which is being developed in collaboration with Rustar Real
Estate, Russia's most respected property firm in Dubai.
Mr. Jamal Akram, Chairman of Sheffield Real Estate said:
'We have chosen Middle East Foundation L.L.C because of the company's unmatched track record in piling and foundation work in the UAE as well as across the region. We wanted best-of-the-breed partnerships to lead the Marina 101 development to ensure that the project is delivered on time without compromising on quality.'
Middle East Foundation was chosen after a round of evaluation and assessment in which many piling foundation majors were scrutinized for their quality, experience and capability in executing mega projects.
Commenting on the partnership, Mr. Abuali Malik Shroff, Managing Director of Sheffield Real Estate said: 'Marina 101 is being developed as a unique concept which will be a residential tower operated on the model of fully services hotel apartments with money back investment options to investors. Our choice of Middle East Foundation as our partner was dictated by our ambition to develop Marina 101 as a quality project which will complement and add value to the boom in tourism in Dubai and the region.'
Sheffield had recently announced investing an additional AED 200 million in Marina 101 to develop a hotel component across the first 32 floors of the project. Marina 101 will 412 metres to the sky and will be spread across approximately 1.55 million square feet. Sheffield has reserved 58 floors of the development for hotel apartments and individual investors keen to opt for the money-back proposition. Retail space will be on 11 floors which will offer food and beverage, recreational and leisure facilities.
'We have conceived Marina 101 after a careful assessment of the real estate and property investment market of Dubai and the region. There is a rapidly growing class of investors who are keen to own a property and generate sustained returns from it. Marina 101 will cater to this investor segment,' Mr. Abuali Shroff said.
He said that Sheffield Real Estate, through a property management option will guarantee up to a minimum of 75 per cent returns from Marina 101, ensuring that investors gain even when the apartments are not used by them.
Marina 101 will offer to investors offers 252 1BR, 204 2BR and 42 3BR elegant apartments, besides eight luxury duplex penthouses. The construction of Marina 101 will commence during the 3rd quarter of this year and the project is expected to be complete by the 1st quarter of 2010.
CB&I Awarded Project in Middle East
Copyright © 2006 Middle East Economic Engineering Forum | RAK Free Zone | UAE | Tel/Fax: +971 50 374 0617 All rights reserved.
|Website Created: Mar. 7th. 06 - Add MEEF to my Favorites|