792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ... 792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

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Roles of ACC in INDIA Arabian Construction Company’s activity with INDIA Arabian Construction Co. (ACC), in a joint venture with Simplex Infrastructures LTD has been awarded a contract to construct World One in Mumbai, India( Abu Dhabi, 6 February 2011). World One, with its 117 storey’s, will be the tallest building in India and the second tallest residential building in the world upon completion in 2015, standing at 442 meters. With amenities including 270 degree views, private pools, home theatre lounges, outdoor Jacuzzis, World One is set to be one of the most sought after luxury living destinations in the country. The completed tower will also include an 18,000 sq m elevated park, and an Observatory Lounge positioned 305m (1,000 ft) above the ground. The tower was designed by Pei Cobb Freed and Partners (formerly I. M. Pei & Partners), a renowned architectural firm based in New York City. The developer for the project, Lodha Developers Ltd., is India's leading real estate developer for residential and commercial properties, responsible for among some of the tallest structures in India. '' ACC brings unique knowledge of high rise construction and global best practices and Simplex provides significant capability and resources in the Indian context. We believe that this JV is best suited to build independent India's most iconic building,'' said AbhisheckLodha, Managing Director, Lodha Group. GhassanMerehbi, Chairman of ACC, said "This is our first venture into India, and we are very pleased to be working on such a prestigious project with India's leading developer. We are proud to contribute our resources and expertise in high-rise construction that we have developed in the Gulf" "This project is the first that our JV plans to build in the growing high-rise market in India" said Ani Ray, Simplex's Country Director for the UAE, "there will be many more, and we are mobilizing resources to be a key player in that sector". ACC is responsible for constructing several of the most impressive towers across the Middle East, including some of the tallest towers in the UAE such as the Almas Tower, Princess Tower, Pentominium, Sky Towers, Etihad Parul Institute of Management and Research - 792 Page 66

Towers and Rose Rotana, and is currently working on the construction of the tallest building in Jordan. Simplex Infra is one of India's premier construction and infrastructure companies boasting some of India's most acclaimed landmarks, including the Supreme Court building, Howrah bridge, and is currently working on the construction of the first Ritz Carlton hotel in India. A joint venture between Beirut-based Arabian Construction Co (ACC) and India’s Simplex Infrastructures has won a contract to construct World One in Mumbai at an estimated Rs4.5-billion (Dh362.77 million) cost. ACC 's third skyscraper that will rise above 100 floors. ACC was earlier awarded the Dh690-million 107-storey Princess Tower and Dh1.46-billion 124-storey Pentominium — both under construction at Dubai Marina. The company is also constructing a cluster of towers in Abu Dhabi's Central Market, including an 88-storey skyscraper that will be Abu Dhabi's tallest tower. Among other towers ACC has constructed are Almas Tower and Rose Rotana Tower in Dubai and Sky Towers and Etihad Towers in Abu Dhabi. It is currently working on Jordan's tallest buildings. Parul Institute of Management and Research - 792 Page 67

Towers and Rose Rotana, and is currently working on the construction of the<br />

tallest building in Jordan.<br />

Simplex Infra is one of India's premier construction and infrastructure<br />

companies boasting some of India's most acclaimed landmarks, including the<br />

Supreme Court building, Howrah bridge, and is currently working on the<br />

construction of the first Ritz Carlton hotel in India.<br />

A joint venture between Beirut-based Arabian Construction Co (ACC) and<br />

India’s Simplex Infrastructures has won a contract to construct World One in<br />

Mumbai at an estimated Rs4.5-billion (Dh362.77 million) cost.<br />

ACC 's third skyscraper that will rise above 100 floors. ACC was earlier<br />

awarded the Dh690-million 107-storey Princess Tower and Dh1.46-billion<br />

124-storey Pentominium — both under construction at Dubai Marina. The<br />

company is also constructing a cluster of towers in Abu Dhabi's Central<br />

Market, including an 88-storey skyscraper that will be Abu Dhabi's tallest<br />

tower.<br />

Among other towers ACC has constructed are Almas Tower and Rose Rotana<br />

Tower in Dubai and Sky Towers and Etihad Towers in Abu Dhabi. It is<br />

currently working on Jordan's tallest buildings.<br />

Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 67

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