Memon Investments awards AED 84.5 million contract for ‘Champions Tower IV’

Memon Investments awards AED 84.5 million contract for ‘Champions Tower IV’

Al Jassmy Contracting Co. to complete AED 450 million project within 22 months

July 6, 2009

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, has awarded an AED 84.5 million contract to Al Jassmy Contracting Co. LLC for the construction of the ‘Champions Tower IV’, a 20-storey residential tower worth AED 450 million in Dubai Sports City. The announcement follows the commencement of the tower’s Raft works, with the main contractor committing to complete the project within a period of 22 months.

The agreement was signed by Rizwan Shaikhani, Joint Managing Director, Memon Investments; and Momen Yousuf Al Jassmy, Deputy Managing Director, Al Jassmy Contracting Co. LLC. Prior to the awarding of the main contract, the developer has awarded an AED 1.8 million contract to Stromek Emirates Foundation to undertake the shoring and excavation, while ETA MELCO has been chosen to install high-speed elevator within the tower.

“Our primary aim is to maintain a consistently high level of quality and to make this the standard for all our subsequent projects,” said Rizwan Shaikhani. “In line with this goal, we have made it part of our strategy to partner with credible and trustworthy industry leaders to lend us their expertise and help us achieve the targets we have set for our projects. For ‘Champions Tower IV’ we have assembled a formidable team of engineers and project managers who will be working hand in hand to provide our customers the quality and convenience we have committed to them.”

Established in 1968, Al Jassmy Contracting Co. LLC has undertaken multi-million projects in the region, some of which are for various government sectors. It has established a strong repute with the construction industry, having worked on several high profile commercial and residential projects as well as majestic mosques. Projects are professionally managed by its qualified engineers, foremen and supervisors, who have earned an average of 40 years of expertise in the field. The company also boasts of a pool of manpower with the appropriate skill set and strong commitment and dedication towards excellence.

“Achieving highest quality standard throughout our clients’ satisfaction is our mission, and our partnership with Memon Investments has opened up an enormous opportunity for us to impart our industry expertise and become a part of a prestigious and much-anticipated project. We are confident that through our highly systematic processes and our close collaboration with Memon Investments we will be able to hit the deadline set for this project while satisfying all the quality benchmarks that are expected from projects of this calibre,” concluded Momen Yousuf Al Jassmy.

Designed by Eng. Adnan Saffarini Office, ‘Champions Tower IV’ will house 266 units comprising of 114 studios, 133 one-bedroom and 19 two-bedroom apartments. The freehold residential tower will incorporate golf course, garden and canal views, a state-of-the-art surveillance and intercom system, basement parking, covered parking on the ground floor, 24-hour manned security and in-house maintenance, mood lighting, four high-speed elevators and valet parking services. In addition, the tower will also offer luxurious amenities including a majestic marble lobby, a rooftop health club, communal swimming pool, party hall, outdoor terrace, rooftop juice bar, spa, steam, sauna, Jacuzzi, separate fitness gyms for men and women, concierge desk and a health club lounge.