ACC Signs New Contract to Build an Iconic 170m Luxury Residential Tower in Cyprus

ACC (Arabian Construction Company) and their joint venture partners J&P Group (Joannou & Paraskevaides Group) have signed a new contract to build an iconic 170m luxury residential tower called ‘ONE’ in Cyprus. Upon its completion in 2019 this will be the tallest residential seafront tower in Europe, and represents the company’s first project in the country.

The new tower will be located on 28th October Avenue, Limassol's prime seafront boulevard, and is set to become a Cyprus landmark that will redefine the coastal skyline - a beacon that represents the island’s progress. All 83 apartments across the 37 storey building will have uninterrupted seaviews, with a mix of two, three and four bedrooms, plus a three-floored penthouse. The building will also feature comprehensive amenities including a spa, a fitness centre and swimming pool, and retail space.

Maher Merehbi, Chief Executive Officer of Arabian Construction Company said: “We are delighted to undertake our first project in the country. We are proud that the client has placed their faith in the combination of our high-rise expertise and the local experience of our J&P Group partners, to build what will become one of the most iconic buildings in Cyprus.”

ACC has constructed some of the most impressive high-rise buildings across the GCC and MENA regions, including a number of the tallest towers in the UAE. Famous names include the Almas Tower, Princess Tower, Sky Tower, Gate Towers, Etihad Towers, Fountain Views, Sky View, World Trade Center Abu Dhabi and Rose Rotana.