Tuesday, September 16, 2008

ACC secures Dh520 million contract for residential towers in Pearl Qatar

QACC, a subsidiary of Arabian Construction Co. (ACC), has been awarded an estimated Dh520 million ($142 million) contract to build residential buildings at the Viva Bahriya district on the Pearl-Qatar in Doha.

Known as VB 29, the project involves the construction of a 20-storey residential tower with a two-level podium, a five-storey apartment building, and town houses.

The total built-up area is 91,000 square metres and the construction duration is expected to take 26 months.

This is the second contract that the project developer, United Development Company (UDC), has awarded QACC.

QACC's General Manager said that the company was honoured that UDC continues to trust and support the quality of its work.



ACC's first project with UDC in 2006 was a Dh622 million ($170 million) project consisting of two mixed-use towers, also on the Qatar Pearl project.

QACC is constructing a total of five towers on the Pearl for UDC, First Qatar Real Estate and UAE-based Capital Investments.

Viva Bahriya is being touted as "the perfect location for family living, celebrating the essence of the Northern Mediterranean." The family destination wraps itself around a harbour and is bordered by a clean white beach. Moroccan styled townhouses and apartments with their Moorish elegance offer 360-degree views across the harbour and towards the beach. Residents and visitors will be able to enjoy the landscaped marine promenade, have access to a wide range of water sports and a variety of gastronomic and shopping opportunities.