Arabtec Holding, a Dubai-based construction company, has secured a contract to build twin-towers project in Central Dubai at a cost of AED1.1bn ($300m).
The new project features 50 storey towers.
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This is the third contract that Arabtec has won in a span of three months.
The project will be built on 227,800m² and include residential apartments.
The construction of this structure will begin immediately and is expected to be completed in a span of two-and-a-half years.
Arabtec Holding acting CEO Saeed Mohamed Al Mehairbi was quoted by Arabianbusiness.com as saying: "We are delighted to have been chosen to execute this important project adding further to the strong momentum in which we have begun 2016."
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By GlobalDataThe other projects are from Aldar Properties, where it has been tasked to construct 1,000 villas at West Yas at a cost of AED2bn ($544m).
Arabtec Holding also bagged an award worth $1bn for building new terminal at Bahrain International Airport along with joint venture partner TAV Construction of Turkey, reported Thenational.ae.
