Lodha Developers Ltd., who are developing the world’s tallest residential building - World One, in Mumbai, have awarded the contract for civil construction of the building to a joint venture formed by Middle East based construction giant, ACC (Arabian Construction Company) and Indian Infrastructure major, Simplex Infrastructures Ltd.
ACC has constructed some of the tallest buildings in the world, including:
Princess Tower, Dubai (100 floors)
Etihad Towers, Abu Dubai (74 floors)
Pentominium, Dubai (100+ floors)
ACC has offices in 7 countries across the Middle East and its revenue was in excess of USD 1.5 billion in 2009.
Simplex Infrastructure Ltd. is amongst India’s top 3 infrastructure players and has constructed some of the most prominent structures in India, including the Supreme Court building and the Howrah bridge. It is also currently constructing the first Ritz Carlton hotel in India. Its turnover was approximately of USD 1 billion in the last year.
The contract is estimated to be worth over Rs.450 crores and is slated to be completed in a period of 38 months.
Commenting on this award, Abhisheck Lodha, Managing Director, Lodha Group said, “We are extremely pleased to award the civil construction contract for the global project to the joint venture of ACC and Simplex. ACC brings unique knowledge of high rise construction and global best practices and Simplex provides significant capability and resources in the Indian context. We believe that this consortium is best suited to build independent India’s most iconic building.”