Larsen & Toubro head GCC contracting Asian invasion
India’s largest construction company picks up string of contracts in UAE in recent weeks
Larsen & Toubro has picked up more than US $100 million worth of contracts in the UAE in recent weeks and is set to continue its rampage across the Gulf through a series of joint ventures in Qatar, Kuwait and Abu Dhabi.
India’s largest construction company has just taken the main construction contract for two new towers to be developed at Dubai Marina by Trident International Holdings.
The contract is worth $35 million (AED130 million) and consists of two residential towers — the 35-storey Oceanic and the 25-storey Avant — which together comprise more than 200 condominiums.
KP Raghavan, head of buildings and factories at L&T, said: “We look forward to constructing what will undoubtedly be one of the most sought after luxury living propositions within Dubai Marina.”
It comes just days after the firm picked up the Mogul Gardens 2 project at Discovery Gardens located on Dubai’s Sheikh Zayed Road.
To be completed in 560 days from the date of signing, the project involves construction of 27 residential blocks with a total built-up area of 178 050 m2.
It will be completed by L&T’s construction division, ECC.
The firm has also won two contracts worth $45 million (OR17.3 million) from the Ministry of Housing, Electricity and Water in Oman to provide a water supply distribution system to Saham and Khaburah towns, around 200 km from Muscat.
The project is to be completed within 12 months and involves laying a 693 km-long pipeline network.
The Oman contract represents an extension of L&T’s
capabilities in the water treatment and supply sectors to overseas markets.