The contract is valued at AED200m (£54m) and the scope includes all associated construction works to complete the tower.
The project is being developed by Omniyat and involves a 25-storey commercial tower with waterfront views of the Business Bay area in the heart of Dubai.
“We have been able to secure some of the key developments that we have been eyeing over the past months as part of our efforts to increase our market share in the civil business across the MENA region,” said Drake & Scull Construction managing director Saleh Muradwei. “The Binary agreement reflects our successful and continuous growth in this line of business and gives us cautious optimism about the construction industry outlook in the UAE. We have already mobilised on site and commenced work with an estimated completion date in early 2014.”
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