Drake & Scull Construction has secured a SAR 1.7bn ($553m) contract from Lamar Investment and Real Estate Development to complete the Lamar Towers project in Jeddah, Saudi Arabia.
Construction on the Lamar Towers project launched in 2007 but it was halted after facing some challenges.
In 2013 the project has been restructured and refinanced while a new company has been formed to manage the project.
The project involves construction of two high rise towers to be built on a 13-storey curved podium.
One of the towers will rise to a height of 322m and will have 57 storeys, while the other tower will be 293m high and have 49 storeys.
Lamar Towers project will be built on a 34,800m² plot in the Saudi Arabian port city of Jeddah with a built up area of 409,770m².
Expected to be completed in the fourth quarter of 2015, Lomar Tower mixed-used project will offer both commercial and residential spaces.
Drake & Scull Construction managing director Saleh Muradweij believes the project will be one of the landmark structures in the region after completion.
"The project will bring together an abundance of high profile engineering experts within our team in the region," Muradweij said.
"We are quite familiar with the unique architectural design of the project as we are currently successfully executing the Jawhara tower in Jeddah which is a project of similar structural scale and engineering complexities."
DSC Saudi Arabia will oversee and carry out the construction works while mechanical, electrical and plumbing (MEP) works will be carried out by DSI KSA assigned.
Image Source: Doka provided the formwork solutions for the Lamar Towers. Photo Courtesy: Doka.