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New Project Announcement - W Hotel, The Palm, Dubai

REA proudly secures a major project in Dubai called W Hotel and Residences on the Palm. The project is the biggest contract secured by REA since securing Masdar Phase 1 in December 2010.

This has been a great achievement for the company since the project is not only a landmark development on the palm but the value of the façade package attracted competition from all the competitors in the market.

The project is for a new Client, Al Sharq Investments, a consortium of Saudi and Qatari partners and this is their flagship project in the UAE. REA are hopeful, having demonstrated our professionalism over our competitors that we can work closely with them on their future projects too. The project comprises 1 hotel building and 2 residence buildings.

The signing of this project is significant since it is another project with AFC and MACE whom REA is currently working with at Dubai World Trade Centre and this proves the trust and reliability that Reem has built in our customers to successfully deliver big projects.

 

2016 ACHIEVEMENTS

2016 has been a successful year for REA as we would like to take this moment to highlight some of our outstanding achievements.

Our most telling achievement was growth of the company from 1,988 employees reaching 2,502 employees, with an increase of 514 which strengthen REA’s capabilities and capacity to deliver the increase number of our projects.

Reem Emirates Glass division of REA have undertaking major production uplift by successful installation of a new (DGU) Double Glass Unit & Tempering Line facilities; which has enabled the firm to achieve 100% production capacity.

In order to diversify our products lines REG have successfully installed Ceramic Fritting Glass machine to fulfill all printing glass requirements in-house and improve the supply chain cycle on glass products.

Project Handovers in 2016:
Al Jazeera Tower – (Abu Dhabi)
Viceroy Hotel Palm Jumeirah - (Dubai)
City Walk Hotel - (Dubai)
Saraya Towers - (Abu Dhabi)
Zone K - (Abu Dhabi)
 
Awarded Projects in 2016:
Opera Grand Tower, Emaar – (Dubai)
Vida Residence, Emaar - (Dubai)
Tiara United Towers, Al Wasel/Meras - (Dubai)
Serenia Residences – Banian - (Dubai)
Palm Tower – Nakheel - (Dubai)
Axis Tower – Hansen Façade – (UK)
19 Duncan Street – (Canada)
 
Current Progress on Ongoing Projects:
98% completion of 2000 Villas - (Al Ain)
95% completion of Akoya Villas - (Dubai)
91 % completion of 3000 Villas - (Al Ain)
82% completion of MBS Crown Plaza – (UK)
71% completion of W Hotel - (Dubai)
66% completion of Seventh Heaven - (Dubai)
64% completion of City of Light – (Abu Dhabi)
60% completion of Ashjar - (Dubai)
57% completion of Serenia - (Dubai)
20% completion of Axis Tower – (UK)
13% completion of JVC (Suites in the SKAI) - (Dubai)
10.00% completion of Palm Tower - (Dubai)
3% completion of Nad Al Sheba- (Dubai)

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