TDIC wins AED 370 million Abu Dhabi construction contract
The Tourism Development & Investment Company (TDIC) has been awarded the main construction contract for Jawaher Saadiyat to Al Jaber Building LLC, following a competitive tendering process. The contract is valued at AED 370 million and based on a 24-month delivery from mobilization on site.
H.E. Ali Majed Al Mansoori, TDIC’s Chairman of the Board, said: “We are pleased to announce the awarding of the main contract for Jawaher Saadiyat, the latest residential community at the Saadiyat Beach District, which adds to Saadiyat’s appeal as a destination of choice in the market. TDIC has already received much interest from investors for Jawaher due to its prime location overlooking the Saadiyat golf course and the sense of exclusivity it offers to residents. We are confident that once completed, it will drive demand for our real estate offerings on Saadiyat even further.”
H.E. Obaid Khaleefa Al Jaber Al Marri, Chairman of Al Jaber Group said, “We are proud to be chosen by TDIC to execute this project. Having previously developed more than 7,000 villas in numerous prestigious projects, Al Jaber Building is looking forward to join hands with TDIC to develop yet another great milestone.”
Located within the Saadiyat Beach District and overlooking the spectacular views of the Saadiyat Beach Golf Club, Jawaher Saadiyat will feature 83 exclusive units comprising four to six bedroom villas and 4-bedroom townhouses designed in a contemporary and modern style. The villas’ built-up area ranges from 636 to 1,268 square metres, and include two to four shaded car parks. The townhouses built-up area ranges from 462 to 464 square metres and include two shaded car parks.
The villas have been designed to respect the regional requirements for privacy and serviceability, while embracing and including all the conveniences of a modern lifestyle. Designed by DSA with interiors by Bishop Design, this modern family-based residence features bold geometrical styles accented by glass, stone and wood that imbue the spacious indoor and outdoor areas with a remarkable, modern aesthetic.
Residents will enjoy easy access to first-class facilities, which include, a security-controlled gate, beautifully landscaped grounds, multi-use games area, a gym, a children’s outdoor playground, adults and children swimming pools, male and female prayer rooms, ample parking for residents and guests, a café, a restaurant, a mini mart, a salon and a linear park.
Jawaher Saadiyat will offer its future residents proximity to some of Saadiyat’s most high-end hospitality, cultural, educational and retail offerings. These include international five-star resorts and leisure facilities within the Saadiyat Beach District such as The St. Regis Saadiyat Island Resort, Park Hyatt Abu Dhabi, the Saadiyat Beach Golf Club and the Saadiyat Beach Club. The project also sits within walking distance from Cranleigh Abu Dhabi, and in proximity to the Saadiyat Cultural District, home to Louvre Abu Dhabi, the first museum to open on the island.
TDIC has partnered with various banks to offer potential homeowners a range of attractive financial offers. These include Abu Dhabi Commercial Bank, National Bank of Abu Dhabi, Abu Dhabi Islamic Bank, Al Hilal Bank, Dubai Islamic Bank, Abu Dhabi Finance, Union National Bank Mashreq Bank and Standard Chartered Bank.
Read the July 2016 issue of Construction Global magazine
Skanska invests $225m in Houston office project
Skanska is investing US$225m in an office development project, 1550 on the Green in Houston, with construction expected to begin in June and scheduled to be completed in 2024.
The construction contract is worth US$125M, which will be included in the Q2 order bookings. International law firm Norton Rose Fulbright has signed a 15-year lease for about 30 percent of the building.
Located at 1550 Lamar Street, adjacent to Discovery Green, in downtown Houston, Skanska plans to develop and build a 28-floor, 34,800 square meter office tower.
1550 on the Green will be the first part of a three-block master plan by Skanska, which will transform the parcels into a distinguished district known as Discovery West and consist of 3.5 acres of mixed-use development full of restaurants, retail and lush green space. The project will target LEED and WiredScore Platinum certifications.
Since 2009, Skanska has invested a total of US$2.8 billion in commercial and multi-family projects, creating more than 1 million square meters of sustainable and community focused developments in select U.S. markets. Skanska USA had sales of SEK66 billion in 2020 with 7,600 employees in its operations.
Skanska’s flagship London office has set the standard in sustainable workspaces by becoming the first in the UK to achieve WELL Platinum under the new v2 pilot scheme.
The accreditation from the International WELL Building Institute (IWBI) was awarded through the v2 pilot, the newest version of the WELL Building Standard. It looks at all building features and management processes – from air and water quality to lighting, acoustics, nutrition, thermal comfort and mental wellbeing. It’s widely recognised as the industry yardstick for measuring how workspaces can contribute to the wellbeing of occupants.
The offices – which span three floors of the newly developed 51 Moorgate – contain floor-to-ceiling windows for extensive natural light, dedicated wellbeing and quiet spaces, as well as stringent air and water quality monitoring, among a range of other features that have helped earn the standard.
The company has also been exploring drone flights for use in industrial environments.
Peter Cater, Development Manager, said it was invited to carry out trials because of its use and knowledge of drone capability. "The trials have benefited everyone involved: sees.ai get to test their equipment and remote use of the drones and we get access to accurate, real-time data on our construction activities which benefits us and our customer, the Defence Infrastructure Organisation."
“Projects like this – at the forefront of innovation – go to show what an exciting industry construction is to be involved in. We are always looking for innovative ways of working, ways to be more sustainable so we can find better solutions for our customers. These trials are just one small part of our digital transformation journey.”