Monday , May 27 2019

Aldar awards $91mn contract for Alghadeer


Aldar Properties on Monday announced appointment of Al Rakha Contracting and General Transport LLC as the main contractor for infrastructure buildings and early works package for the first neighbourhood in the second phase of Alghadeer — an AED10 billion mega development, situated close to the border of Abu Dhabi and Dubai.
The AED335 million ($91.2 million) contract comprises construction of 707 maison-ettes, townhouses and villas following site preparation work. This neighbourhood is located in the north west section of the masterplan, which features over 14,000 high-quality homes, commercial properties, cultural and institutional amenities and entertainment attractions to be built over the coming 15 years.
Talal Al Dhiyebi, CEO at Aldar, said, “From its location at the centre of the UAE, Alghadeer offers residents a peaceful community with sustainable living initiatives wit-hin close proximity to both Abu Dhabi and Dubai.”

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