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FINANCIAL NEWS
Nakheel signs USD6533.4m worth of construction contracts
15 Sep 2015
(MENAFN) Nakheel said it signed three contracts worth USD653.4 million for construction work at its new mixed-use community for more than 1,500 villas and services residents at Nad al Sheba.
The project will be built in three packages by UAE-based Trojan General Contracting, United Engineering Construction LLC and Metac General Contracting Company.
Dubai’s giant developer said that package 1 is a USD225.98 million contract awarded to Trojan for main community infrastructure work and the construction of 489 villas.
Package 2 is a USD214.81 million deal to UNEC for 482 villas and infrastructure work while package 3, worth USD212.64 million, to Metac is for 468 villas and infrastructure.
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