Damac awards Dh6.5 billion worth of contracts in 2016

Damac Properties has appointed contractors for the provision of enabling works and shoring works at Aykon City.

Damac Properties has awarded 15 major construction and consultancy contracts valued at Dh1.26 billion during the period between August and November 2016, bringing the total value of contracts awarded so far in 2016 to Dh6.51 billion for projects in Dubai and the UK.

The awarded contracts are for the provision of services related to several projects in Dubai, including two golf communities at Akoya by Damac and Akoya Oxygen, in addition to multi-tower projects Aykon City and Damac Towers by Paramount Hotels & Resorts.

At Akoya by Damac, the contracts cover the main works for construction of villas and apartments in several clusters. At Akoya Oxygen, the contracts awarded cover main works for construction of villas in addition to roads and infrastructure works, piling as well as consultancy agreements for the provision of design and supervision services related to the clubhouse and sub-stations.

Mohammed Tahaineh, senior vice-president - commercial, Damac Properties, said: "With the handover of 1,350 villas and apartments at Akoya by Damac in the last quarter of 2016, as well as the upcoming opening of the Trump International Golf Club, Dubai during the first quarter of 2017, Akoya by Damac is rapidly progressing."

"The overall progress of the golf infrastructure work of Akoya stands at 95 per cent. Trump PRVT, scheduled for handover during Q1 2019, will mark the completion of the entire Akoya by Damac master development. In Akoya Oxygen, we continue to achieve significant progress as we have appointed eight main contractors for the construction of 5,676 villas," Tahaineh added.

The golf course construction packages at Akoya Oxygen have been awarded and works are under progress.

Damac Properties  also appointed contractors for the provision of enabling works and shoring works at Aykon City.

- business@khaleejtimes.com