US$163-MILLION CONTRACT LET FOR AYKON CITY TOWER

US$163-MILLION CONTRACT LET FOR AYKON CITY TOWER

Damac Properties has awarded a US$163-million contract to China State Construction Engineering Corp. for the main construction of a tower at its Aykon City master development, ConstructionWeekOnline reported. The work has already begun on the Dubai high rise, to include 53 residential floors, two basements, a ground floor and 10 podium levels, in addition to a dedicated lifestyle and entertainment level.

Site preparation is complete, with main construction work estimated to use more than 11,000 T. of steel and 94,682 m3 of concrete. The 372,000-m2 Aykon City plan consists of residences, serviced apartments, a hotel and office space on Sheikh Zayed Road near the Dubai Canal.