Azizi Developments has awarded two construction contracts, worth a total of $460m (AED1.7bn), to build 35 apartment blocks within Dubai’s Meydan One
The contracts, which have been awarded to KCC Engineering Construction & Maintenance and Actco General Contracting, relate to two of the four phases of the project that are due to begin this year.
The news follows Azizi’s February 2017 purchase of 186 Meydan One plots, which the developer has amalgamated into 76 buildings.
KCC and Actco have been enlisted to build 35 of these buildings in two phases.
Saeed Humaid Matar Al Tayer, chairman of the board and chief executive officer of Meydan City Corporation, said: “Our ongoing collaboration with Azizi Developments continues to exceed expectations.
“Awarding contractors with proven track records, like KCC and Actco, means that this project is moving forward quickly, while still maintaining the highest standards.
“This united effort to make Meydan the number-one leisure destination is now showing results and bolstering its position in the region as an exciting location for residential developments and retail projects.”
Mirwais Azizi, chairman of Azizi Developments, added: “Delivering a new community asset that will simultaneously attract people from all over the city and appeal to families is a challenge that we have risen to.
“We are pleased to appoint these two renowned contractors with the 35-building project to exemplify our line of high-quality, efficiently designed buildings.”
Phase 1 of Azizi’s Meydan One project, which will involve the construction of 18 low- to mid-rise residential buildings, will comprise 2,273 units and retail outlets. An additional 17 buildings, comprising 2,162 units, will be developed as part of Phase 2.
Featuring studio, one-, and two-bedroom apartment units, the buildings will be located within Dubai’s 375ha Meydan One master development.
Meydan One’s Phase 1 is scheduled to open in 2020.
All rights reserved to the initial publisher for Arabian Business.
Collected and published by Arms &McGregor International Realty® editorial team. Get in touched with us at [email protected]