CSCEC lands $19m Damac contract for Dubai's Akoya Oxygen
China's state-owned construction giant will build roads and infrastructure for Damac's Akoya Oxygen residential development in Dubai
China State Construction Engineering Corporation (CSCEC) has won a $19.6m (AED72m) contract to build roads and infrastructure for Akoya Oxygen, Damac's billion-dollar luxury villa community.
The Chinese government-owned construction giant CSCEC will build roads and supporting infrastructure for three clusters of villas within the 5.1km² community that has its own rainforest.
CSCEC will create roads for Akoya Oxygen clusters Victoria, Avencia, and Amargo, which collectively have 1,623 villas.
“This latest contract award to CSCEC will see major road and infrastructure work being carried out at three clusters within Akoya Oxygen,” general manager of operations at Damac Properties, Ali Sajwani, said.
“We are pleased to further strengthen our relationship with CSCEC, as we accelerate development in almost every part of our largest master community, which will start to welcome its first residents at the end of 2018.”
Located off the Umm Suqeim Road extension, Akoya Oxygen features its own rainforest, master-planned roads, and hundreds of villas that have access to Trump International Golf Course Dubai.
In March 2018, Damac announced it had selected Arabtec's proposal to build 916 villas at the complex.
This was Arabtec's second contract win for the Damac villa community, after the contractor was picked in August 2017 to build 1,296 villas for Akoya Oxygen.
CSCEC, too, has an active partnership with Damac, having won a $163m (AED600m) contract for the construction of a tower at the latter's Aykon City master development in February 2018.