ACC wins Jeddah Emaar Square contract
Posted on 11th August 2014
According to a company press release, the UAE-based Arabian Construction Company (ACC) won the construction contract for a major commercial project being developed by Emaar Middle East in Jeddah. The cost of the projects is estimated at SR 150 million (US$ 40 million). Work on Emaar Square is expected to commence soon and ACC will build three buildings as part of the project, scheduled to be delivered in 2016.
Emaar Middle East is a subsidiary of the Dubai-based Emaar Properties.Part of the mega master planned community Jeddah Gate, Emaar Square is expected to become a prestigious commercial real estate development in the Saudi commercial capital.
“Emaar Square is one of the iconic developments within Jeddah Gate, which is now a full-fledged lifestyle community,” said Fred Durie, CEO, Emaar International. “The three dedicated office towers are designed to world-class standards and will offer an unmatched commercial destination in the heart of the city.”
Maher Merehbi, CEO, ACC, said: “ACC has already partnered with Emaar in the UAE, Egypt and other countries in the region…We will be drawing on our expertise in infrastructure, civil works construction and value engineering for the project.”
ACC also confirmed that it has been awarded two new contracts from Emaar for projects in the Downtown Burj Khalifa area of Dubai. Details will be announced shortly, the statement said.
ACC is already undertaking several projects in Saudi, including the phase three of the Jabal Omar development in Makkah, which comprises four hotel towers; the Sibco Mega Plant, a soft drinks and juices factory in Jeddah 2 Industrial City; and the MIG Tower, a commercial development in Riyadh.Back to all Construction News
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