Contract awarded for Jeddah’s Emaar Square
UAE-based Arabian Construction Company (ACC) said on Sunday it has been awarded a construction contract to develop Emaar Square, a dedicated commercial precinct within the iconic Jeddah Gate in Saudi Arabia.
The company said in a statement that it has signed an agreement with Emaar Middle East, a subsidiary of Emaar Properties, without disclosing a value for the deal.
It added that it has also been awarded two new Emaar contracts located in the Downtown Dubai area, the details of which are due to be announced shortly.
Fred Durie, CEO, Emaar International, signed the contract with Ziad Najjar, branch manager, ACC Saudi Arabia.
ACC’s undertaking covers three buildings that form part of Emaar Square, with work on the project commencing this summer. Handover of the first offices to customers is scheduled for 2016, the statement said.
“Once again, ACC has had its impressive construction and development credentials recognised with the awarding of a major GCC contract,” said Maher Merehbi, CEO, ACC.
“ACC has already partnered with Emaar in UAE, Egypt and other countries in the region and we are delighted to extend our relationship with them to cover their operations in Saudi Arabia.”
Set around the Crescent Plaza, Emaar Square has been tailored to meet the growing demand for premium commercial real estate in the bustling city of Jeddah.
“Emaar Square is one of the iconic developments within Jeddah Gate, which is now a full-fledged lifestyle community. The three dedicated office towers are designed to world-class standards and will offer an unmatched commercial destination in the heart of the city,” said Durie.
ACC adds Emaar Square, Jeddah Gate to its growing portfolio of major development projects in Saudi Arabia. The organisation is currently engaged in constructing phase three of the Jabal Omar development in Makkah, which comprises four hotel towers and a podium.
It is building the SIBCO Mega Plant, a soft drinks and juices factory in Jeddah 2 Industrial City, as well as the MIG Tower, a commercial development in Riyadh.