Imtech: 24.5 million dollar contract for technology solutions in Azerbaijan Shahdag Hotels project
October 24 2012 - 1:31AM
GlobeNewswire
Gouda - Royal Imtech N.V.
(IM-AE, technical services provider in Europe) announces that its
Turkish subsidiary AE Arma-Elektropanç has obtained an order for
all technical solutions in the new to build Shahdag Hotels project
in the Gusar Region, some 250 kilometres north of Baku, the capital
of Azerbaijan. The project is the centrepiece of the largest
combined winter/summer tourist resort in the world. For Imtech this
order represents a total contract value of 24.5 million
dollar.
René van der Bruggen, CEO Imtech: 'In March 2012
we acquired AE Arma-Elektropanç creating a strong position in the
Turkish growth market. At the same time, with this strategic
acquisition we were able to create stepping stones in emerging
markets such as the Middle East, Russia and various former Soviet
Republics. Under Imtech's robust financial wings, AE
Arma-Elektropanç is able to grow further. The new order for all
technical solutions in the new to build Shahdag Hotels project in
Azerbaijan is a good example of this further growth. These hotels
are the centerpiece of the largest combined winter/summer tourist
resort in the world, which will boost quality tourism in this fast
growing country.'
The largest combined
winter/summer tourist resort in the world
To boost quality tourism in Azerbaijan, the Ministry of Culture and
Tourism decided to realise the largest combined winter/summer
resort in the world in the northern Gusar region of Azerbaijan.
This region is famous for its beautiful nature The Shahdag Hotels
project is the centrepiece of this development where tourists can
ski and snowboard both winter and summer. To guarantee this, all
slopes will be equipped with snow canons. The resort will also
boasting tennis courts, football and basketball fields, gaming
halls and an aqua park with various swimming pools, shopping
plazas, villas and luxury hotels.
Two five-star hotels, total
surface area of more than 50,000 m²
The Shahdag Hotels project includes two luxury five-star hotels,
the Palace Hotel and the Five Star Hotel. The developer of the
project is PASHA Construction LLC, architect is ReardonSmith.
Together these hotels will have a total of 332 luxury and spacious
suites, rooms and apartments with a total surface area of more than
50,000 m², including restaurants, shops, conference rooms and a
spa. The Shahdag Hotels project is situated at a natural plateau
which is stretched on 1,640 metres above sea level, 32 km from the
regional centre of Kusar. The first phase of the project will be
opened at the end of 2012.
All technical
solutions
Imtech (AE Arma-Elektropanç) is responsible for all technical
solutions in both hotels and adjusting premises, featuring all
energy, and electrical and mechanical ((HVAC: Heating, Ventilation
and Air Conditioning) solutions, as well the complete sanitary
packages and water solutions.
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Artist's
impression
For an artist's impression mail to:
ellen.harent@imtech.eu
More information
Media: |
Analysts & investors: |
Pieter Koenders
Director Group Communications
T: +31 655 74 65 85
E: pieter.koenders@imtech.eu
www.imtech.eu |
Jeroen Leenaers
Manager Investor Relations
T: +31 182 543 504
E: jeroen.leenaers@imtech.eu
www.imtech.eu |
Imtech profile
Royal Imtech N.V. is a European technical
services provider in the fields of electrical solutions, ICT
(information and communication technology) and mechanical
solutions. With 29,000 employees, Imtech achieves annual revenue of
more than 5.1 billion euro. Imtech holds strong positions in the
buildings and industry markets in the Netherlands, Belgium,
Luxembourg, Germany, Austria, Eastern Europe, Sweden, Norway,
Finland, the UK, Ireland, Turkey and Spain, the European markets of
ICT and Traffic as well as in the global marine market. In total
Imtech serves 23,000 customers. Imtech offers added value with
integrated and multidisciplinary total solutions that lead to
better business processes and more efficiency for customers and the
customers they, in their turn, serve. Imtech also offers solutions
that contribute towards a sustainable society - for example, in the
areas of energy, the environment, water and traffic. Imtech shares
are listed on the NYSE Euronext Amsterdam, where Imtech is included
in the Midkap Index. Imtech shares are also included in the Dow
Jones STOXX 600 index.
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Imtech press release
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Source: Imtech via Thomson Reuters ONE
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