Emaar terminates contract with Al-Radwan

07 Sep 2011

(MENAFN) Emaar announced that it terminated its contract with Al-Radwan Contracting Company, reported Arab News.

The termination is regarding a contract signed three years ago for the development of 134 villas in King Abdullah Economic City, valued at USD86.6 million.

Emaar stated that “[Emaar] and the contractor have agreed to terminate this contract, whereby remaining part of the contract will not be executed. This decision has been made after re-evaluating the cost of the project and the cost of City’s other projects and shall not result in any financial burdens on the company”.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on as a development site.