The National Investment Corporation (NIC) has awarded more than AED1 billion – contract to Arabtec Constructions LLC, to carry out the main construction of the Fairmont Abu Dhabi hotel and serviced apartments.
Under the contract, Arabtec will build the hotel and apartments, maintain the project for one year, and maintain electro-mechanical works for two years after completion and delivery to the National Investment Corporation. The project is expected to be completed within 30 months.
Abdullah Al Saadi, managing director of the National Investment Corporation, said: “The hotel will be one of the most luxurious hotels in Abu Dhabi by 2016.”
The project involves construction of a 39-storey tower with a total built-up area of 178,000 square metres, composed of 563 rooms and 249 apartments, 13 food and beverage outlets and 1,394 parking lots.