55 million contract

Al Fajer Properties awarded a contract worth AED 55 million for zero-cycle work on the construction of Jumeirah Business Centers. The construction of five exclusive business centers worth a total of 2 billion dirhams offering office space on the basis of freehold rights has already begun.

Leading developer Al Fajer Properties in early July 2006 awarded Arabian Forasol a contract for 55 million dirhams, giving the right to complete zero-cycle work on the construction of Jumeirah Business Center Towers business centers. The project, located in the prestigious area of ​​Jumeirah Lake Towers, includes five towers of exclusive office space on the rights of freeholds. According to the contract, Arabian Forasol will carry out work on the fence and digging of the pit, pumping out groundwater and installing piles, which precedes the process of the main construction of high-rise buildings.

Arabian Forasol, a pioneer of modern foundation construction, began work on a mega-project entrusted to it with a traditional first-brick laying ceremony at a construction site honored by His Highness Sheikh Khasher bin Maktoum Al-Maktoum, Dr. Shahram Abdullah Zadeh, CEO Al Fajer Properties, Ahmed bin Sulayem, General Manager of the Dubai Multi Commodities Center (DMCC), Gabriel Leihyani, Managing Director of Arabian Forasol and other senior officials.

“In the Jumeirah Business Center project, we redefined the look of a modern office tower with luxurious finishes and innovative technologies. It is only logical that the foundation laying, which is an essential part of any construction project, was entrusted to leaders in this field. Arabian Forasol is a well-known name in the construction industry United Arab Emirates. The deep knowledge of this company’s specialists, competence and experience in the market instills in us the confidence with which we entrust them with zero-cycle work, "said Dr. Shahram Abdullah Zadeh, CEO of Al Fajer P roperties.

Al Fajer Properties L.L.C. is a subsidiary of the Al Fajer Enterprises group of companies, which was established in 1965 by its president, His Highness Sheikh Hasher bin Maktum Al-Maktum. Al Fajer Enterprises is constantly growing and diversifying its activities, providing high standards of service to a huge number of its customers. The interests of this group of companies operating on the market for more than 40 years and numbering more than 12 thousand employees include a leading construction company, maintenance and management services for real estate, engineering and consulting services, international exhibitions and fairs, manufacturing, travel and tourism, pharmaceutical industry, commodity trading and investment development.

Commenting on his victory in the tender, Gabriel Leihyani, Managing Director of Arabian Forasol, said: "It is a great privilege for us to be part of the team involved in the construction of such a unique project as Jumeirah Business Centers. The fencing and digging of the foundation pit on this project is almost finished, piling work should begin soon, in accordance with the deadlines set in the plans. "

Emphasizing the importance of Al Fajer Properties' investments, Ahmed bin Sulayem, general manager of the Dubai Multi Commodities Center, said: “The Jumeirah Business Center Towers project, with its unique modern design and technological concept, will add the Jumeirah Lake Towers community a reputation as the most promising and recognizable place for business and excellent investment opportunities. We are proud that one of our largest investors is such a respected group of companies as Al Fajer. "

Commenting on the landmark event, Dr. Shahram Abdullah Zadeh, in particular, said: “Thanks to the leadership of Nakheel and the Dubai Multi Commodities Center (DMCC), the Jumeirah Lake Towers area has undoubtedly been the best development plan among the impressive Dubai projects. The current level of infrastructure and ongoing "efforts to implement innovative ideas that meet all the requirements of the future Jumeirah Lakes Towers community make this project incredibly popular among developers and investors."

Launched at different times - in December 2005 and February 2006, the first four towers of the Jumeirah Business Center project were sold in record time. The launch of the fifth high-rise Jumeirah Business Center 5 with a new guaranteed financing package is just around the corner. Jumeirah Business Towers' unique modern business centers offer exclusive freehold offices with a total area of ​​2 million square feet. In addition to this, 100,000 square feet will be reserved for shopping galleries. Offers are proposed in the towers to create offices that vary in size from 800 square feet to 11 thousand square feet.

Arabian-Forasol Foundations L.L.C. part of the Al Ghurair Group of Companies and is a subsidiary of Switzerland Forasol International. The company is rightfully proud of its achievements throughout the region in the field of engineering and foundation construction. Using all the latest world technologies, the company adheres to strict quality standards in digging pits and making foundations.

Jumeirah Lake Towers is an excellent authoring project with a balanced number of buildings, landscapes and water spaces. It includes residential, commercial and commercial buildings combining a modern lifestyle and world-class leisure opportunities, coastal promenades and a variety of restaurants and cafes. Jumeirah Business Centers will play one of the leading roles on this unique stage.

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