Having completed first stage of development work Emaar Pakistan, the country-subsidiary of global property developer Emaar PJSC, awarded the contract for construction of 80 Alma Town homes at Canyon Views in Islamabad to Habib Rafique (Pvt) Limited (HRL), on Friday.
Work on the towns homes will commence shortly and is scheduled to complete in March, 2011. Dr Dia Malaeb, CEO, Emaar Pakistan and Shahid Rafique, Director HRL Pakistan signed the agreement in a ceremony at Emaars Canyon Views Sales Center.
Earthwork of Alma Town homes has already been completed, which comprised levelling the areas as per design, excavation of existing material and filling at designated locations according to the master plan. Canyon Views is an exclusive gated community with villas and town homes in a range of architectural styles and amenities including retail outlets, community club houses, parks, schools and mosques.
Dr Dia Malaeb said, "As the first world-class master-planned community in Islamabad, Canyon Views has redefined the property sector of the country through its focus on offering an integrated lifestyle neighbourhood. Apart from the elegant architecture of the homes, Canyon Views offers residents the comfort of living in a secure gated community with amenities such as schools, healthcare centers, retail outlets, community centers and sport areas in close proximity."
He added: "HRL has been selected for the construction of Alma town homes in view of their proficient track record of working with such projects. Awarding this contract highlights our commitment to deliver Alma town homes to the customers on schedule. By working with Pakistani companies, we are also contributing to the overall socio-economic growth by creating job opportunities."
Shahid Rafique of HRL said: "Over the last five decades HRL has established its reputation for quality construction and timely delivery. Emaar Pakistan projects are considered as the most prestigious undertakings in Pakistan, and it is our privilege to be associated with the Canyon Views project. We will employ state-of-the-art technology and tools, and execute the project as per schedule."
Emaar Pakistan has already revolutionised the construction sector with the introduction of advance technologies such as the Tunnel Form System, which helps Emaar to develop high-quality villas swiftly. Emaars development capabilities have also been endorsed with the RCCI Gold Award, and the PE1 developer rating by the Pakistan Credit Rating Agency Limited (PACRA) and National Engineering Services Pakistan (Pvt) Limited (NESPAK).
Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer with a significant presence in 36 markets world-wide. The company has also proven competencies in shopping malls, hospitality & leisure, education, healthcare and finance.
Emaar is developing Burj Dubai, the worlds tallest building and free-standing structure, and has opened The Dubai Mall, one of the worlds largest shopping and entertainment destinations. In Saudi Arabia, Emaar is developing King Abdullah Economic City, the regions largest private sector-led project.-PR