Abu Dhabi based developer Imkan has appointed Chinese Construction Company CNTC as main contractor for its seven tower Pixel development, with work due to begin immediately and complete by Q4 2021.
CNTC, based out of Beijing, is among China’s largest construction conglomerates with a presence in over 35 countries and 120 cities across the globe. The company’s extensive portfolio includes Shanghai Centre Building (the world’s fourth tallest building), and terminals at both Shanghai Hongqiao and Beijing International airports, CNTC has also worked on other international projects such as the Russian Federal Building, India’s Bengaluru President tower and the Togolese Parliament Building. hospitals in China.
The development has been structured to surround a pedestrianised plaza and will be made up of 525 residential units. The towers will also include F&B, retail and co-working spaces.
Pixel is strategically located within Imkan’s flagship development, Makers District. An 18-hectare waterfront community on Reem Island.
The contract agreement was signed by Abu Dhabi Capital Group’s Chief Executive Officer, HE Abubaker Seddiq Al Khoori; Board Member of Royal Strategic Partners, Dr Hamad Abdulqadir Al-Ali; Imkan CEO, Walid El-Hindi and CNTC’s Vice President, Xinrong Xu.
El-Hindi described CNTC as “one of the biggest construction companies in China” and said its agreement with Imkan underscored the UAE’s support of China’s Belt & Road Initiative.
He added: “We are looking to the future and the union of our companies is a reflection of the close relationship the UAE shares with China, a relationship that is only set to grow.”