DAMAC Properties
Appoints Arabtec/EEC JV as Main Contactor for “Business Heights” Project in Jordan
DAMAC Properties, the largest private master developer and luxury lifestyle provider, recently appointed Arabtec/EEC JV Construction as main contractor for its “Business Heights” project, located in the heart of Amman within the Abdali area.
This collaboration between both parties was further solidified by a joint signing of a JD 10,241,999.00 contracts.
Business Heights is a 20 storey commercial tower located in Jordan’s Abdali master plan development. DAMAC is the first real-estate developer to launch commercial towers in this area and it is also the first to introduce a residential project in the same location. ‘The Heights’, a 35 storey Tower. Business Heights is located along Naboulsi Street and at Naboulsi Gate; which is one of the most favorable sites within the Abdali area.
Through this agreement, DAMAC Properties is further reiterating its commitment to introducing new and innovative projects to Amman. These projects will serve to satisfy client needs. The company is also committed to hiring the best contracting companies and it reiterates this commitment by offering tailor-made services that are relevant to the country’s booming market.
Commenting on the appointment, Peter Riddoch, CEO, DAMAC Properties said, “We are pleased to announce the signing of this agreement with Arabtec/EEC JV
Construction as our official contractor for our ‘Business Heights" project. This agreement will add a lot of value to our project portfolio. Both Arabtec and EEC JV have a very strong record for delivering top quality projects that adhere to international.
standards of excellence in terms of both operational professionalism and time efficiency. We at DAMAC always like to present new projects to our clients and through this collaboration and many more to come in the future we are bringing ourselves closer to achieving this goal”.
From his end, Riad Kamal, CEO of Arabtec said,” We are proud to be recognized as the main contractors for DAMAC’s Business Heights project. This designation comes at a perfect time for us, a time when we can see ourselves contributing positively and fruitfully to the development of Jordan’s national economy. This is not the first time we collaborate with DAMAC , for in the past we had worked as the main contractors for the company’s flagship Ocean Heights project. We are hoping to follow up this collaboration with many more to come in the future as our collaboration with this real-estate developer in particular stems from our admiration for its ability to incorporate quality design and innovation in all their projects”
DAMAC Holding has now grown into a global conglomerate with more than 7000 employees in 18 countries. Being one of the first private sector company to make a commitment to Dubai’s real estate market, DAMAC Properties has become the market leader with a strong sales record to its credit.
