CSCEC (Middle East) (L.L.C) has received the Letter of Acceptance from Namaa Properties Development LLC to be the Main Contractor for Construction, Completion and Maintenance of Paramount Tower at Business Bay on 27th October 2016. The total contract value is AED 554 Million which is equivalent to 150 Million US Dollars.
The Paramount Tower, located nearby Burj Khalifa at Dubai Business Bay, is composed of 867-key luxury hotel rooms and hotel residences tower. The 64-storey project will offer a sky lobby with views across the Burj area, a private Paramount Pictures screening room, a rooftop infinity swimming pool with a terrace and a fitness and wellness centre with a state-of-the-art spa. The project is scheduled for completion in Q1 2020.
Namaa Properties Development LLC is owned by Damac Group. Awarding one of the most prestigious hospitality and residential project in the Middle East cements the further strong relationship between Damac Group and CSCEC ME.