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Arabtec to construct Dh1.6b Bawadi project

DUBAI - Arabtec Construction LLC received a letter of acceptance valued at Dh1.6 billion from Emaar-Bawadi Joint Venture to design and construct 1437 villas as part of the Bawadi project in Dubailand. The project will be delivered in phases over a period of 37 months.

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Riad Kamal, CEO of Arabtec Holding PJSC, stated: "Our vast experience and the variety of projects we've carried out so far, from towers to residential complexes and villas, has deeply supported our abilities to fulfil our clients' needs, and has given us a complete understanding of what our clients look for in their projects. Developers choose Arabtec because they are confident of the company's ability to accomplish these big projects."

Arabtec is one of the largest construction companies in the region, with expert management, engineering, and technical staff, and a wealth of experience in the real estate market, including residential villa complexes. Over the past few years, Arabtec has constructed more than 7,000 villas for Dubai Silicon Oasis Authority, Dubai Properties, Mohammed bin Rashid Housing Establishment and Emaar's villas at "Emirates Hills", "The Lakes", "The Meadows", "The Springs" and "Arabian Ranches".

The total number of villas currently under construction by Arabtec exceeds 10000 villas including 3230 villas for Mohammed bin Rashid Housing Establishment, 1515 for Nakheel's "Al Furjan" project, 1047 for Dubai Silicon Oasis Authority, 1262 for various projects by Emaar, 2065 villas at Bawadi for Emaar-Bawadi Joint Venture, and a number of villas in the "Sanctuary Falls" project in Dubai.

Arabtec Construction recently signed a Memorandum of Understanding with the Tourism Development & Investment Company (TDIC) in Abu Dhabi to design, develop and construct the first phase of Al Saadiyat beachfront villas project, which lies in Al Saadiyat Islands near Abu Dhabi.