Emaar Pakistan, the country-subsidiary of global property developer Emaar Properties PJSC, has awarded the piling work contract for towers in plot 7 & 8 within Crescent Bay to Paragon Construction, a leading Pakistani company.
Crescent Bay is the pioneering master-planned community being developed by Emaar Pakistan in Karachi and is part of a multi-billion dollar investment by the company in the country's real estate sector.
Saleem Butt, Chief Operating Officer, Emaar Pakistan, signed the agreement with Aftab Siddique of Paragon Construction in Karachi, recently. As per the contract valued at over Rs 2 billion, Paragon will undertake the piling work for Reef and Pearl Towers within Crescent Bay, with piling expected to be completed in six months.
Work on the super structure and mechanical, electrical and plumbing (MEP) works will start thereafter. Butt said, "Crescent Bay is energising Karachi's property sector as the pioneering master-planned community that brings in world-class standards in engineering and construction. Paragon Construction has been selected for the piling work for their accomplished track record in working with landmark projects."
He added, "Awarding the contract and undertaking the work also highlight our commitment to hand over properties in Crescent Bay to the customers on schedule. By working with Pakistani companies, we are also contribution to the overall socio-economic growth by creating job opportunities."
Aftab Siddique of Paragon Construction said: "Emaar Pakistan's Crescent Bay is one of the most prestigious undertakings in Pakistan now, and it is our privilege to be associated with the project. We will employ cutting edge technology and tools, and execute the project as per schedule." Emaar Pakistan has already revolutionised the construction sector in the country with the introduction of advanced technologies such as the Tunnel Form System, which helps Emaar to develop high-quality villas swiftly.-PR