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FINANCIAL NEWS
Al Jaber Group to construct 462 luxury villas in Abu Dhabi
14 Jul 2013
(MENAFN) Al Jaber group was awarded a USD481 million contract to construct luxurious properties in the UAE capital, the contract was presented by Saadiyat Investment & Development Company (SDIC), Arabian business reported.
The 1.5 million square project will include 462 villas and two community centers with 7km of waterfronts and is bound to be completed in 2016.
A statement declared: “The development will set the benchmark for high-end residential development and will live up to the Saadiyat Island’s promise of first class living. The project is scheduled for completion in March 2016.”
Chairman of SDIC Hamad Rashed Al Neaimi said: “We are pleased to appoint Al Jaber Building to develop Hidd Saadiyat Villas. Hidd Saadiyat Beach Front Villas is an exceptional development that uplifts luxury living standards in the UAE and the region.”
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