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ICT Awards Dh260m Contract to Pivot

ABU DHABI - International Capital Trading, or ICT, an Abu Dhabi-based investment and development company, has awarded a Dh260 million contract to Pivot Engineering & General Contracting Company for the construction of a residential project in Mohammed bin Zayed City, Abu Dhabi.

The project will encompass 170 three- and four- bedroom villas, as well as a broad range of amenities including a club house, a swimming pool, two playgrounds, a mosque, a multi-purpose hall, parking and landscaped public areas.

“This is a key project for the International Capital Trading and reinforces our commitment to the economic development of our emirate” said Haytham D. Haidar, chief operating officer of the company.

“It reaffirms our confidence in the core fundamentals of the Abu Dhabi economy. Despite the challenges of the current global situation, we are confident that the long-term rental market in Abu Dhabi will provide good returns 
to investors.”

Haidar explained that locally based Pivot was selected because of its track record in the construction of major projects in Abu Dhabi.

ICT is an active partner in the emirate’s development, working with the Abu Dhabi Urban Planning Council and other government entities.