Memon Investments Awards Dh84.5m Contract for ‘Champions Tower IVTuesday, July 07, 2009
Memon Investments, Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, has awarded an Dh84.5 million contract to Al Jassmy Contracting Co. LLC for the construction of the ‘Champions Tower IV’, a 20-storey residential tower worth Dh450 million in Dubai Sports City. The announcement follows the commencement of the tower’s Raft works, with the main contractor committing to complete the project within a period of 22 months.
The agreement was signed by Rizwan Shaikhani, Joint Managing Director, Memon Investments; and Momen Yousuf Al Jassmy, Deputy Managing Director, Al Jassmy Contracting Co. LLC. Prior to the awarding of the main contract, the developer has awarded an Dh 1.8 million contract to Stromek Emirates Foundation to undertake the shoring and excavation, while ETA MELCO has been chosen to install high-speed elevator within the tower. “Our primary aim is to maintain a consistently high level of quality and to make this the standard for all our subsequent projects,” said Rizwan Shaikhani.Source: Khaleej Times