Bawabat Al Sharq Phase I Construction Completed; Infrastructure Underway

Timely delivery from the contractor to the developer accomplished; Handing over to residents in December 2010

Baniyas Investment and Development Company (BID) – the investment arm of Baniyas Sports Club – has announced that construction works on Phase l of Bawabat Al Sharq, the AED 3 billion world-class mixed-use development, have been fully completed. The villas and apartments of Phase I were delivered by the contractor, Target Engineering Construction Company, to BID on September 30th, as previously scheduled.

Baniyas Investment and Development Company aims at handing over the 56 luxurious 3, 4 and 5 bedroom villas as well as the 164 modern apartments to their owners by the end of December 2010; once the infrastructure works are completed by The Municipality of Abu Dhabi City.

In his comments, Wael Tawil, Chief Executive Officer of BID, said: “Construction and delivery have always been our core values at BID and the timely delivery of Phase I of Bawabat Al Sharq is a true testament to these values. We are thrilled with the amazing work accomplished on Bawabat Al Sharq which resulted in delivering Phase I villas and apartments from the contractor to Baniyas on September 30, 2010, as previously convened. While these units are ready to be handed over to our clients as of today, the infrastructure works which are still underway in and around the project will hinder free movement. These works are expected to be finalized in December 2010 thereby allowing Baniyas to hand over the villas and apartments to residents by year-end.”

Bawabat Al Sharq is an ideal mix of modern residential, retail, entertainment and sporting facilities. The project comprises of premium apartments, villas, health care facilities, a FIFA standard football stadium with a seating capacity of more than 20,000 spectators and a distinctive mall that will include 339 high profile retail outlets of fashion wear, electronics, neighborhood services, accessory outlets, jewelers in addition to a Carrefour hypermarket, WANASA Family Entertainment Centre and Grand Cinemas. The Bawabat Al Sharq Mall will also feature Souk Al Megnas, a distinctive traditional souk covering 4500 square meters.

Phase I of Bawabat al Sharq has been completely sold out. Construction of this phase has been overseen by Target Engineering Construction Company, a leading single source EPC contractor owned by Arabtec Holdings, the largest construction company in the UAE. Cansult Maunsell/AECOM is the landscaping design contractor while the overall design and Architect is ‘World Planner Consultant Engineers’. Renowned Australian design firm, Saunders Global, is responsible for the mall’s interior design along with Cloisall Co. L.L.C, one of the most prominent names in interior fittings, in the United Arab Emirates.
 

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