TREVI GROUP FOUNDATIONS DIVISION IS AWARDED NEW CONTRACTS

26 May 2016

Trevi with its subsidiaries has been awarded important contracts in various countries of the Middle East

In Istanbul it was signed a contract for the execution of special foundations of Galata Cruise Terminal, a modern complex for business, real estate and luxury hotels supporting the tourism development on the Bosphorus.

The Port of Istanbul (known as Port of Galata) is a passenger terminal for cruise ships that extends from the Galata Bridge, on the "Golden Horn", until the Salipazari district on the European coast of the Bosphorus, across the district Karaköy. The beginning of its construction dates back to 1892, but it has been extending step by step until the current size, to meet the growing tourist demand.

DOǦUŞ Holding (a Turkish multinational company) set up together with Bilgili Holding, the J.V. "Salipazari Liman Isletmeciligi VE Yatirimlari A.S", which had been awarded the tender for the management of the port for 30 years. DOǦUŞ estimated an important investment, which involves the transformation of the port in an elegant full "shorefront" area of hotels, cafes, shopping centers, offices and docking space for cruise ships.

In the UAE, Trevi has been awarded a contract for the execution of the foundations of a tower, designed by the firm of Foster + Partners, called ICD Brookfield Place, one of the most important real estate projects currently under construction in Dubai.

Moreover in Emirates, Trevi division was also conferred other contracts; among them, Tiara United Towers and Mediclinic Hospital and two tower buildings in Muscat in Oman.

In addition, it is particularly important the acquisition of a real estate expanding government project in Abu Dhabi. The project has been won by a Consortium with a European company and includes the execution of geological surveys, treatment and improvement of soil resistance.

Thanks to the wide range of products, Soilmec was able to draw up contracts in the Middle East with selected customers that amount to 20 million Euro, for the supply of various equipment specialized in the execution of relevant geological complexity foundation works.

The CEO of Trevi Group, Stefano Trevisani, commented: "It is going on the good momentum for the Foundations sector of the Trevi Group which, thanks to its strong presence in many parts of the world and its proven credibility and experience, manages to be starring in iconic projects."

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