AED 190 million contract awarded to Ali & Sons to build Capital House Tower in the Capital Centre development in Abu Dhabi



SinoGulf Real Estate Investments and EastGate Capital Group announced today that they have awarded the main construction contract, for their residential tower, within the Capital Centre Master Plan to Ali & Sons Contracting Co LLC.

The tower consists of 24 apartment floors, 332 one and two-bedroom apartments all with balconies and a podium garden, swimming pool and gymnasium. It also has 418 underground parking spaces and a retail area of approximately 600 sqm. Completion of the project is expected in Q4 2013.

Andrew Clout, Managing Director of SinoGulf said:

"Ali & Sons has been selected through a long, comprehensive and exhaustive pre-qualification and tender process. Their active participation, transparency and willingness to assist is highly appreciated and key to their selection. We look forward to working closely with Ali & Sons to ensure that we and our partners EastGate Capital Group and UNB are fully rewarded for our long term investment product."

Shamis Al Dhaheri, Managing Director of Ali & Sons Contracting Co. LLC said:

"We are delighted that SinoGulf Real Estate Investments and EastGate Capital Group have selected Ali & Sons Contracting Co. LLC (ASC) for this contract. We are confident that we will be able to give the highest performance and maintain the highest quality and deliver yet another landmark. This residential tower will be a state of the art product introduced to the Abu Dhabi market. "

About SinoGulf:

SinoGulf Real Estate Investments LLC known as SinoGulf Investments was established in Abu Dhabi in 2003 to develop real estate opportunities and assets for investors from within the Gulf region. SinoGulf has a number of investments, subsidiaries and associates including SinoGulf (DIFC) Limited, an Asset Management subsidiary that is licensed by the DFSA.

About Ali & Sons Contracting LLC:

Ali & Sons Contracting Company LLC (ASC), was established year 1979.

ASC is associated with allot of mega projects with the UAE.

ASC maintains the highest quality standard, the highest management system and an on time delivery record.