Damac signs $67m contract for its tower in Beirut
Damac has recently moved its projects to the Lebanese market. The Middle East’s largest private luxury developer, DAMAC Properties has announced it has awarded the main construction contract for its ‘DAMAC Tower’ in Beirut, Lebanon.
The $67 million contract has been assigned to MAN Enterprise for the construction of the first Versace-branded residential tower in the region.
The award of the main contract follows the completion of the enabling works by ZETAS Apex Foundation Technologies. MAN Enterprise is an international leader in the construction industry, with forty years experience in the MENA region and the Levant.
MAN Enterprise is also the main contractor of Sama Beirut tower in Beirut.
With forty percent of the tower already sold, the 28-storey residential tower is scheduled to be completed in 2013.
STRATEGIES & PLANS
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