Okhta Center Tender Closed
Published: April 29, 2008 (Issue # 1369)
ST. PETERSBURG — Arabtec Holding PJSC, the company erecting the world’s tallest building in Dubai, has won a contract to build the 60 billion-ruble ($2.56 billion) headquarters of Gazprom Neft in St. Petersburg.
Arabtec will build the first stage of the planned complex, known as the Okhta Center, which includes a tower that will be about 400 meters (1,050 feet) tall, Gazprom Neft, the oil arm of Russian natural-gas monopoly Gazprom, said Wednesday in an e-mailed statement.
The skyscraper will include office space as well as entertainment facilities, restaurants and a library, according to the statement. Gazprom Neft is funding 51 percent of the project, while the rest is financed from the city budget in exchange for a 49 percent stake in the complex.
The United Nations Educational, Scientific and Cultural Organization, or Unesco, said in January that the proposed skyscraper threatens to disrupt the architecture of the former tsarist capital. The current height limit for buildings in St. Petersburg is set at 48 meters (157 feet).
A St. Petersburg court ruled on Apr. 16 against a lawsuit brought by the Yabloko opposition party that challenged the use of taxpayer money to pay for construction of the building.
Gazprom Neft registered last year as a taxpayer in St. Petersburg, the birthplace of President Vladimir Putin and President-elect Dmitry Medvedev.