Arada awards two contracts worth $255m for 986 homes at Masaar ...United Arab Emirates

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Arada awards two contracts worth $255m for 986 homes at Masaar
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 22
Arada, the Sharjah-based master developer, has said that it has awarded two major contracts together totalling US$255.6 million to build 986 new homes across two residential districts at Masaar, Sharjah’s woodland megaproject. Valued at US$2.17 billion and containing 4,000 homes spread over seven gated districts, Masaar features a nature-inspired master plan containing more than 50,000 trees. The first contract is valued at $109.1 million and will covert the construction of 421 villas and townhouses in Masaar’s second residential phase, Kaya. It was won by Pivot Engineering & General Contracting, an Abu Dhabi-based firm with more than 44 years’ experience in the local market. Construction on

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