Dubai – Mubasher: UAE-based Sweid & Sweid company on Wednesday appointed Civilco Civil Engineering & Contracting Company as a lead contractor of its Banyan Tree Residences project in consideration of AED 250 million.
Scheduled for completion in the third quarter of 2019, the project is situated on a large island, overlooking The Emirates and Montgomerie golf courses.
Banyan Tree Residences will comprise 32 storeys, which include 244 residences divided on one, two, three and four-bedroom apartments, in addition to duplex apartments with private outdoor gardens, and three full-floor penthouses crowning the building, according to a company statement.
“The selection was made based on Civilco’s proven track record of successfully executing high rise projects in Dubai and throughout the UAE, said Maher Sweid, Sweid & Sweid’s managing partner.
“To be selected to complete this iconic development is a testament to our experience and expertise, which will be key to ensuring Banyan Tree brand attributes are not compromised,” Nader Dahdal, area manager from Civilco, commented.
Sweid & Sweid also appointed Arcan Project Management as project manager, the real estate company added.
