Chinese contractor wins Dubai tower contract
China State Construction Engineering Corporation has won a contract worth AED554m (£118m) to build the 27 residential floors of a 64-storey tower in Dubai.
Damac Properties awarded China State the main work contract for the Paramount Residences at the Paramount Tower Hotel & Residences.
The residences include separate living and dining areas, as well as two and three-bedroom arrangements. There are also penthouses. The units are designed to combine the comforts of home resort amenities and are seen as suitable for use by investors seeking a permanent or vacation home and can also be rented out by the operator when away.
The tower also includes an 867-key hotel and a sky lobby, a private Paramount Pictures screening room, a rooftop infinity swimming pool and a spa.
Yu Tao, president and CEO of China State Construction Engineering Corporation (Middle East) said: “We are delighted to have been chosen by Damac Properties to be the main contractor for the residences at Paramount Tower Hotel & Residences. This represents a significant contract for us in one of the most prestigious hospitality and residential projects in the Middle East. We were appointed this year for the infrastructure works at Akoya Oxygen and this new contract only cements further our strong relationship with the real estate developer.”
The architect is Lacase Architects & Engineering Consultants. The project is scheduled for completion in Q1 2020.
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This article was published on 7 Nov 2016 (last updated on 7 Nov 2016).