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FINANCIAL NEWS
Al Qudra wins $1.09b contract in Abu Dhabi
22 Apr 2010
(MENAFN) Abu Dhabi’s Al Qudra Real Estate said that it has won a $1.09 billion contract to develop the first phase of a government villa program in Al Ain, Khaleej Times reported.
The contract for the national housing project, which will take four years to complete, was awarded by the Abu Dhabi Urban Planning Council, Al Qudra said. Al Ain lies about 160 km (100 miles) from Abu Dhabi.
Al Qudra Real Estate is part of Al Qudra Holding, an Abu Dhabi-based investment firm with about 30 companies ranging from utilities to infrastructure and agriculture.
Earlier on Wednesday, Aldar Properties, Abu Dhabi’s largest developer by market value, said it had won a $199 million contract to build infrastructure for a residential development for Emirati nationals in Al Ain.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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