News

Imkan selects China’s CNTC as main contractor for Pixel project

Abu Dhabi-based property firm Imkan has appointed Chinese construction company CNTC as the main contractor for its seven-tower Pixel project located on Reem Island in the UAE capital. The value of the contract has not been disclosed. According to Imkan, work on the towers for the waterfront community development will begin immediately. The project is scheduled for full completion in the fourth of quarter of 2021, it has been reported. The development, designed by Dutch architecture firm MRDV, has been structured to surround a pedestrianised plaza. It will be made up of 525 residential units, as well as retail spaces, public areas, co-working spaces, and creative hubs. Headquartered in Beijing, CNTC is present in over 35 countries and 120 cities across the globe. Imkan, a wholly-owned subsidiary of Abu Dhabi Capital Group, is a property developer and investor with a portfolio of 26 projects on three different continents. The agreement between both companies is a “reflection of the close relationship” the UAE shares with China, Imkan chief executive Walid El-Hindi said. ©2019 funds global mena

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