Emirates Falcon Electromechanical (EFECO), a subsidiary of Arabtec Holding, has won a contract worth AED1bn ($272m) to deliver mechanical, electrical and plumbing (MEP) services at the Abu Dhabi Plaza development in Astana, Kazakhstan.
Located in the heart of Astana city, the Abu Dhabi Plaza is a 500,000m² mixed-used development comprising five towers.
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Abu Dhabi Plaza features 566 luxury residential apartments with 107,000m² of commercial office space, a five-star hotel with additional serviced apartments, and a 50,000m² retail podium.
The development houses five towers, with the tallest of these planned to be 320m tall, spanning 88 storeys.
The tower will feature a series of temperate year-round winter gardens, while the design allows light deep into the mass of the five buildings, creating a network of sheltered pedestrian routes through the site.
A joint venture of Arabtec and Consolidated Contractors is currently executing the development under an AED4bn ($1bn) contract with Aldar Properties.
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By GlobalDataThe latest contract, which is EFECO’s first project outside the Middle East region, follows the AED878m ($239m) contract at Abu Dhabi International Airport’s Midfield Terminal awarded this month to a joint venture between EFECO, BK Gulf, and China State.
Arabtec Holding managing director and CEO and EFECO chairman Hasan Abdullah Ismaik said the new contract demonstrates EFECO’s efforts to establish itself as a leader and key player in the MEP sector in the Middle East and North Africa region.
“We also have a strong aspiration to develop the company into a global leader in the MEP sector, and have put in place the right senior management in place along with some of the best talent in the industry to support in growing the business and maximising shareholder value,” Ismaik added.
Arabtec Holding is planning to increase EFECO’s share capital by AED500m ($136m) to enable it to bid for higher value projects and expand into other Gulf countries alongside Egypt and other North African countries.
Image: The Abu Dhabi Plaza mixed-use development will house five towers. Photo courtesy of Foster + Partners.
