Schon Properties Awards AED400 Million Contract to United Engineering Construction.

Summary: Schon Properties has awarded a lucrative contract to United Engineering Construction (UNEC). The AED400 million-deal is for the construction work on Schon Business Park, the project that will provide much needed flexible commercial spaces for start-up businesses or multinational companies relocating to Dubai.

Schon Properties Awards AED400 Million Contract to United Engineering Construction

Enabling and construction works on Schon Business Park to commence shortly

Schon Properties has awarded a lucrative contract to United Engineering Construction (UNEC). The AED400 million-deal is for the construction work on Schon Business Park, the project that will provide much needed flexible commercial spaces for start-up businesses or multinational companies relocating to Dubai.

The Business Park has been designed to provide a unique and self-contained environment for its occupants, both owners and tenants. "Ideal both as an investment, whereby space can be bought and then leased out of for businesses who want to own their own premises, the Park offers complete flexibility, competitive prices and state-of-art facilities and amenities. Businesses and investor can choose from a variety of spaces, in differing stages of preparation, up to and including turnkey spaces," said Asher H. Schon, Vice President at Schon Properties.

According to Asher H. Schon, the decision to partner with UNEC was based on the construction firm's impressive track record and portfolio of projects, including Tameer Palace, Dunes Village and Phase 2 of the Dubai Silicon Oasis. "We share the same passion for excellence and strong commitment to set deliverables. We are confident that UNEC, we will as always be able to meet our timetables and deliver a project that conforms only to the highest global quality standards." UNEC will be working on construction works of the massive Schon Business Park beginning September 2008, and will take about 18 months to complete. "Schon Properties has managed to position itself as one of the leading property developers in such a short period of time. We are excited to be working with Schon and are determined to provide the same superior services we have extended to all our clients," said Eng. Abdul Haleem Muwahid, Managing Director at UNEC. UNEC will be responsible for the construction of a massive commercial-office complex consisting of shell and core retail and office spaces covering a total of 500,000 square feet. Total build area is a little more than 1,146,888 square feet. The deal includes construction work on the basements, superstructure, MEP, as well as hard and soft landscaping. 2008 Al Bawaba (www.albawaba.com)

2008 Al Bawaba (Albawaba.com)

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