Dubai Properties has awarded an AED 550 million contract for its Mudon General Residential Apartments project to Arabtec Construction LLC, a subsidiary of Arabtec Holding PJSC.
The contract entails Arabtec to carry out the construction works of 12 five-storey residential buildings within the Mudon development. The contract will be executed over 24 months.
Arabtec has already begun preparing the project site, which is located behind the Polo Club on Al Qudra road, in order to ensure that the work is completed on schedule.
Riad Kamal, CEO of Arabtec Holding PJSC said: “This contract with Dubai Properties holds great significance for us in terms of consolidating our relationship with Dubai Properties for whom we have delivered in the past a large number of projects. We are confident that there will be further cooperation with Dubai Properties in the future being one of the largest developers in the region. We will always strive to serve them and maintain strong ties with them through delivering quality work on time for their projects.”