Chinese in front to build world’s tallest tower in Dubai
20 February, 2018 | By COLIN FOREMAN
Beijing-based China State Construction Engineering Corporation is the frontrunner for the contract to build the world’s tallest man-made structure in Dubai.
Local developer Emaar received bids from two groups for the estimated AED5.5bn ($1.5bn) contract to build The Tower at Dubai Creek Harbour in mid-January. The bidders are China State and a joint venture of the local/Belgium Belhasa Six Construct and the US’ Tishman.
It is understood that the China State bid has the lowest price, and accepts different contractual conditions than the Belhasa Six Construct/Tishman bid.
The superstructure comprises three key elements. They are: a concrete core, a steel frame structure on top of the concrete core, and cables descending down from the tower to the ground.
In late 2016, Dubai officially confirmed the tower will be the world’s tallest man-made structure when it is completed. The final height has not been disclosed. To become the world’s tallest tower, it will have to be more than 1,008 metres in height, which is the planned final height of the under-construction Jeddah Tower in Saudi Arabia.
The Tower at Dubai Creek Harbour has been tendered before. Emaar received prices from contractors in 2017, and it is understood that those offers were not within Emaar’s budget.
Companies are already working on the project. Belhasa Six Construct is working on the raft foundations. France’s Soletanche Bachy is the piling contractor for the project.
Spanish/Swiss architect and engineer Santiago Calatrava Valls is the main consultant on the project with the local office of Aurecon, which is supported by UK’s RMJM and Dubai-based DEC, acting as local engineer and architect of record.
The project manager for the tower is US-based Parsons.
The tower is the centrepiece of the 6-square-kilometre Dubai Creek Harbour development. It is located in the Ras al-Khor area on the banks of Dubai Creek and is being developed by a joint venture of Emaar and Dubai Holding.
Related Posts
A lack of incentives is limiting the development of green financial instruments in Dubai’s real estate sector
While environmental, social and governance (ESG) considerations are a priority for many investors today, ...
READ MORE
Fitch says non-oil economies could decline by 1-5 per cent in the region this year
US ratings agency Fitch forecasts an unprecedented non-oil sector recession in the GCC due to Covid-19.
The ...
READ MORE
Zain Qureshi, Global head of real estate finance and advisory at Mashreq comments on the advancements in the sector
Regional impetus
The GCC real estate sector is experiencing sustained growth, driven by ...
READ MORE
Retrofitting can serve as the stepping-stone to achieving net-zero carbon future
As the costs attached with meeting net-zero goals become clearer, built environment specialists are prompting stakeholders to consider the benefits ...
READ MORE
Six of eight tracked regional markets note downward movement amid tightened cash flow
Data shows value of projects planned or under way ($bn)
Six of eight markets tracked by the Gulf Projects ...
READ MORE
This article is a part of a series from the Dubai Real Estate Forum held by MEED and Mashreq on 22 March 2022 in Dubai.
Improving demand is expected to hold ...
READ MORE
Commercial property landlords in the UAE need to offer greater flexibility to meet the needs of their tenants in the post-Covid environment, says leading real estate adviser Mashreq
Download the complete ...
READ MORE
Executive Director of Corporate Finance at Aldar Properties Daniele Vecchi comments on structuring capital for balancing risk and return
Download the full report
An icon of innovation and luxury
Explore key insights on ...
READ MORE
Characterised by positive yields in the current market, data centres are becoming an attractive investment prospect in the Middle East real estate sector
Quickly emerging as a new subsector in the ...
READ MORE
Ras al-Khaimah is all set to enter a new era of development, but with it comes capacity challenges to meet its real estate and leisure sector objectives
This article is the ...
READ MORE
Unlocking green finance for Dubai real estate
GCC faces unprecedented non-oil recession
Watch: The continuing evolution of GCC real estate
How retrofit can be a realistic route to
Gulf Projects Index continues to decline
Dubai property to sustain demand in 2022
UAE landlords must adapt to a changed market
Watch: The evolving role of capital stacking in
Real estate poised for data centres boom
Ras al-Khaimah real estate counters growing pains
20 February, 2018 | .By COLIN FOREMAN
