Real Estate

Gulf Asia Contracting, part of the multi-billion dollar RP Group, has been awarded over AED 2.28 billion in civil and industrial construction contracts in the United Arab Emirates making it a significant player in the industry even as the RP Group expands its operations across the region.
The US$ 4.5 billion RP Group has highly diversified business activities from construction and contracting to healthcare and education.

Gulf Asia Contracting has already built several high-profile residential and commercial buildings in the Gulf, including the French Embassy in Riyadh, said Vinod Pillai, Group General Manager, RP Group. While we have made a mark on many of the regions large urban centres, we strongly believe in the sustainability of the Ajman emirate as we woo new markets. Ajman is an affordable destination and is increasingly becoming attractive to first-time home owners and investors.

Mid to high-rise residential projects like the City Towers, Ajman Corniche, Yasmeen Towers and the Oasis Towers with distinctive architecture and state-of-the-art amenities are currently underway to modernise Ajmans skyline. The combined estimated worth of all six Gulf Asia Contracting projects in Ajman is AED 1.78 billion making it one of the biggest contractors to operate in Ajman. Furthermore, these buildings together occupy significant prime real estate in the Emirate.

Vinod Pillai continued: Gulf Asia Contracting is currently working with the Ajman Real Estate Investment Company to construct several residential landmark projects in Ajman which we believe are symbolic of the aspirations of a new generation. Gulf Asia Contracting works closely with local companies and partners to provide valuable industry expertise.

Vinod believes that with its proximity to Dubai, the developing emirate could be a major future destination for business and leisure. Ajman tourism revenues reached nearly AED 300 million in 2014, compared to AED 220 million in 2013. The number of hotel and hotel apartments guests in 2014 increased to 850,000, compared to about 600,000 in the previous years.

Key Ajman projects for Gulf Asia Contracting include the City Tower complex (G+4P+20 Floors, 9 Towers); Ajman Corniche Residences (B+G+6P+HC+32Floors, 7 Towers); Yasmeen Tower (G+4P+15Floors) and Oasis Towers (G+6P+30Floors, 2 Towers).
The Ajman Bank Head Quarters (Al Sanad Project) is another prestigious Gulf Asia Contracting project which was recently inaugurated by His Highness Sheikh Humaid bin Rashid Al Nuaimi, the Ruler of Ajman and UAE Supreme Council Member. The gracious occasion was blessed by the presence of His Highness Sheikh Ammar bin Humaid Al Nuaimi, the Crown Prince of Ajman and His Highness Sheikh Rashid Bin Humaid Al Nuaimi, Chairman of Ajman Municipality and Planning Department.

Gulf Asia Contracting has also won key hospitality projects in Dubai which include a five-star luxury hotel (4B+G+Mech+23Floors+Roof) in Dubai Marina to be operated by Crowne Plaza (Intercontinental Hotels Group). The company has also recently completed a high-end four-star hotel in Bur Dubai, a four star hotel apartment building in TECOM and several prestigious high-end villa projects. The organisation has a strong presence in Dubai, Abu Dhabi, Sharjah and Ajman.

RP Groups focus will remain on optimising resource use, maximising productivity and bringing truly world-class project development skills to the region, explained Vinod.

Since its inception in 2002, Gulf Asia Contracting has undertaken major projects such as petrochemical plants, oil refineries, gas & power, infrastructure related developments and various prestigious building projects. With over 10,000 staff, and ISO 9001:2008 and OHSAS 18001:2007 certified safety standards, the company has become a powerful player in the construction industry all across the GCC.

While Gulf Asia Contracting is already turning out to be a major player in its field, it stands to gain even more from its parent companys expansion into real estate development. For years, RP Group has been the go-to contractor for engineering, construction (EPC), and procurement companies building refineries, petrochemical and gas plants in the Gulf, with the likes of Takreer, Samsung, Hyundai, Maaden, Bechtel, Flour, Arcelor Mittal, SABIC, JGC, Qatar Petroleum, Technimont, RAS Gas, amongst others, regularly counting on the organisation for their expertise. Now it stands to grow by a considerable percentage - under the RP Group's diversification into property development.

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