The Abu Dhabi-based developer IMKAN announced the appointment of the Chinese construction company CNTC as its main contractor for its Pixel project in Makers District on Reem Island.
This partnership comes in line with the UAE capital’s support for the China Belt and Road Initiative, according to a press release.
An official signing ceremony has been held at IMKAN’s head office, where Abu Dhabi Capital Group’s (ADCG) CEO Abubaker Seddiq Al Khoori, board member in Royal Strategic Partners LLC Hamad Abdulqadir Al-Ali, IMKAN’s CEO Walid El-Hindi, and vice president of CNTC Xinrong Xu tackled the first major steps to construct Pixel’s seven towers.
Walid El-Hindi commented: “CNTC is one of the biggest construction companies in China, and their experience combined with our commitment to developing research-based communities, gives us confidence that Pixel’s seven towers will be delivered utilizing some of the most innovative and diverse construction solutions in the region.”
Meanwhile, Xinrong Xu said: “Through this partnership, CNTC and IMKAN will translate our shared foresight for Pixel into reality. China and the UAE enjoy a symbiotic relationship that encompasses culture, investment and trade and is underpinned by a deep understanding of the important role we both play in the region’s economic development and prosperity.”
Work on the seven towers of the Pixel project will start immediately, the release noted.
The project, which comprises 525 residential units, is set for completion in the fourth quarter of 2021.
The towers will feature nearly 26 exciting amenities, including homegrown food and beverage, retail, interactive public areas, co-working spaces, and creative hubs.