Arabtec Wins USD 115 mn Damac Contract for 916 villas

Arabtec Wins USD 115 mn Damac Contract for 916 villas

Arabtec Construction, a wholly owned subsidiary of leading infrastructure contractor Arabtec Holding, has been awarded a USD 115.4 mn contract from Damac Properties for the construction of 916 villas in the Akoya Oxygen master development, Trade Arabia reports.

Emirates Falcon Electromechanical Company (EFECO), another wholly owned subsidiary of Arabtec Holdings, will be responsible for the mechanical, electrical, and plumbing (MEP) works for the project.

“We are delighted to have been awarded another project from Damac Properties. The onboarding of repeat business from our clients is testament to our strengthened relationships across our core geographies and in our core competencies,” Hamish Tyrwhitt, Arabtec chief executive officer, said.

The project comprises a built-up area of approximately 148,000 square meter, including 419 units in Basswood, 329 units in Mimosa and 168 units in Amazonia extension located in phase six of the Akoya Oxygen master development. The three phases will take 22 months to complete, starting March 2018.

The 55-mn-square-feet Akoya Oxygen will showcase the greenest living spaces in Dubai. It will comprise an 18-hole championship golf course, as well as shopping, retail, entertainment, and hospitality facilities, amongst others to complement its residential offering of villas, apartments, and serviced units.

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