Arabtec has won a $272.3m contract from The National Investment Corporation to build a new 39-storey tower in Abu Dhabi containing a new Fairmont hotel and apartments.
Designed by UAE-based Dewan Architects and Engineers, Arabtec managing director Hasan Abdulla Ismaik said: “Undoubtedly, granting the contract to develop the Fairmont hotel project will add significantly to the company’s portfolio and record in the UAE.”
The company has been appointed to build the 155,000m2 structure close to Marina Mall and Abu Dhabi’s corniche by National Investment Holdings.
The hotel will contain 563 rooms and 249 apartments. It will also have 13 food and beverage outlets and parking for 1,394 cars, and is scheduled for completion by 2016.
H.H. Dr. Sheikh Sultan Bin Khalifa Al Nahyan, chairman of the National Investment Corporation (NIC), said: “Arabtec has a long record of completing landmark projects, thus it has been selected for its track record and experience in the development of luxury towers – a selection that we expect to be a success, which would further boost avenues of co-operation towards broader horizons in future.”
NIC managing director Abdullah Al Saadi said the hotel would be “one of the most luxurious hotels in Abu Dhabi.”