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Trojan General bags $354m Aldar contract for Water’s Edge project

Aldar Properties has appointed Trojan General Contracting as the main contractor for its $653.4m (AED2.4bn) Water’s Edge development on Yas Island

 Trojan General Contracting has been awarded the main contract for Water's Edge.
Trojan General Contracting has been awarded the main contract for Water's Edge.

Aldar Properties has appointed Trojan General Contracting as the main contractor for its $653.4m (AED2.4bn) Water’s Edge development on Yas Island.

According to the Abu Dhabi-based property developer, the awarding of the $353.9m (AED1.3bn) main contract follows the awarding of the early works package to Dutch Foundation, which commenced work on site in February this year.

A master-planned waterfront project, Water’s Edge comprises studios, and one-, two-, and three-bedroom apartments.

Its amenities include a waterfront promenade with a number of dining and retail facilities. It also features private courtyards with landscaped areas, pools, multipurpose courts, and a mosque.

The development lies adjacent to the upcoming Sea World theme park, and a five-minute walk from Yas Mall, Ferrari World, and the Yas Marina Circuit.

Aldar recently announced that it has established a joint venture (JV) worth $8.1bn (AED30bn) with Dubai's Emaar Properties.

The JV will initially focus on two projects – one each in Dubai and Abu Dhabi, and its $8.1bn pipeline will also include national and international projects.

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Latest Issue

Construction Week - Issue 737
Apr 14, 2019