Damac awards a second major contract to Arabtec
Contract worth Dh424m will see a further 916 villas come up at Akoya Oxygen
Damac Properties has awarded a Dh424-million contract to Arabtec to build additional villas in Akoya Oxygen.
Emirates Falcon Electromechanical Co., a subsidiary of Arabtec, will be carrying out the MEP works for the project. This is the second contract to be awarded to Arabtec in the last 12 months and will see it build another 916 villas. In August 2017, Arabtec was awarded a Dh628-million contract for 1,296 villas at the same development.
“Damac continues to accelerate construction at Akoya Oxygen, to continue villa development at our 55-million-square-foot green development in Dubailand,” said Mohammad Tahaineh, Senior Vice-President of Commercial at Damac Properties.
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