• CSCEC Middle East (L.L.C) has been awarded recently the main contract package of Viceroy Hotel Project located on Palm Jumeirah by ZAYA Real Estate Development with the contract value of AED875 Million (including variations). Through common efforts, CSCEC Middle East (L.L.C) and Skai Holding Ltd (the major investor of this project) mutually signed the Shareholders Agreement to form the Special Purpose Vehicle "Assas Investments Ltd", and started to develop the unique luxury hotel jointly.

    The Viceroy Hotel Project is on the centre pathway of the Palm Jumeirah with a site area of 28,400sqm. The mixed-use development covers a five-star luxury hotel "Viceroy" with 481 guest rooms and suites, 2 hotel apartments with 211 residential units and 10 villas with the total building area of 173,965 square meters. The project is planned to be constructed in 36 months. The anticipated construction completion is in the middle of 2016 while the Hotel is scheduled to be in full operation by the end of 2016.

    The implementation of the Viceroy Hotel project, which is the first investment in a development project in the Middle East, marks a significant milestone in our growth in the region. It is also a major breakthrough for CSCEC to diversify its business pattern from general contracting to an alternative business one.(from CSCEC Overseas Operations)

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