Interbeton wins two hotel contracts at Yas Island in Abu Dhabi
Bunnik, the Netherlands, 22 January 2008 – Interbeton bv – the operating company of Royal BAM Group nv, active outside Europe – has been awarded a contract for a 430 key Crowne Plaza Hotel and 165 key Staybridge Serviced Apartment Hotel, with associated external works on Yas Island Abu Dhabi in the United Arab Emirates. The project with an approximate value of € 110 million has been awarded by ALDAR Properties, Abu Dhabi’s leading integrated property development investment and management company, with a construction period of 21 months.
Crowne Plaza Hotel and Staybridge Serviced Apartment Hotel at YasIsland will be built by Interbeton Abu Dhabi, the local subsidiary of Interbeton.
YasIsland is one of ALDAR’s major developments, occupying 2,500 hectares and will feature a Formula One race track, water and theme parks, retail developments, golf courses, marinas, residential development and signature hotels.
Further information: A.C. Pronk, +31 (0)30 659 86 21.