And again... lol
Main Burj Al Alam contracts weeks away
Angela Giuffrida
Last Updated: May 05. 2009 3:53PM UAE / May 5. 2009 11:53AM GMT The main construction contract for the Burj Al Alam, a 501-metre high commercial tower at Dubai’s Business Bay that is destined to be one of the world’s tallest buildings, is expected to be awarded in “four to five weeks”, according to officials.
Muhammed Athar, the sales coordinator for the project at Fortune Group, the Dubai developer behind the project, said the company was in the final stages of negotiation with contractors but declined to name which firms had submitted bid for the deal.
He said about Dh1bn (US$272m) had been trimmed from the original budget, with construction now likely to cost Dh3bn.
“This was primarily due to lower costs of building materials...we will hopefully announce the contractor in four to five weeks with work beginning soon after,” said Mr Athar.
He added that construction would be financed through the company’s own resources although it may consider raising money from other sources if required.
Burj Al Alam was launched in 2006 and is more than half sold. Foundations work, which was carried out by Middle East Foundations, is now complete.
If the main construction goes according to schedule, the tower will be ready in the first quarter of 2012.
And also some pictures from the end of april
Quote:
Originally Posted by 234sale
I hear next month that they will announce the fact they will announce a possible contractor in another month. This will be the 4th time  lol |