Contracts cover the construction of villas, a media zone and general infrastructure
Aldar has awarded 14 contracts totalling AED3bn ($817m) to consultants and contractors for work on the AED5bn of projects it is delivering in Abu Dhabi on behalf of the government.
The awards include three major construction contracts.
The local Trojan has been awarded a three-year contract for construction work on the AED2bn Al-Falah housing development. The expansion to the housing community involves adding 899 new villas and a mosque.
The local/Lebanon Arabian Construction Company (ACC) has been awarded the contract to build the new campus for Twofour54. The AED1bn project involves building offices, television studios and retail units. The project is due to be completed in 2021.
The local Ghantoot Gulf Contract and local Nael & Bin Harmal Hydroexport Establishment (NBHH) have been awarded a contract for work on the AED2bn-worth of infrastructure works on Saadiyat Island. The work, which includes landscaping and the construction of infrastructure, transport-related structures and a fountain, is set to start immediately and will be completed in phases between 2021 and 2022.
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