Trojan, ACC, Ghantoot win deals for $1.4bn Aldar projects in Abu Dhabi
Contractors picked alongside Gulf Contracting Co and NBHH for Al Falah homes, Two Four 54 campus, and Saadiyat Island infra
UAE real estate developer Aldar said it had appointed Trojan, Arabian Construction Company (ACC), Ghantoot, Gulf Contracting Co, and NBHH to develop the $1.4bn (AED5bn) Al Falah homes, Two Four 54’s new campus, and Saadiyat Island infrastructure projects that Aldar was awarded by the Government of Abu Dhabi earlier this month.
The $544.5m (AED2bn) Al Falah home expansion project that Aldar will develop for Abu Dhabi Government comprises 899 villas, each of which spans 515m2.
Al Falah already comprises 4,898 villas, and the expansion will see the construction of a mosque for 2,000 worshippers.
Trojan will build the homes – which are currently being designed – over the next three years.
Two Four 54’s new campus, which ACC will build after Aldar picked up a $272.2m (AED1bn) contract to develop the project, will be home to 10,000 professionals upon completion.
ACC, as main contractor, will complete the 99,500m2 project with 1,800 parking spaces, in 2021.
Meanwhile, the $544.5m (AED2bn) infrastructure work that Aldar has been picked to deliver at Saadiyat Island on behalf of Abu Dhabi Government, will be carried out by Ghantoot, Gulf Contracting Co, and NBHH.
Phase 1 of the infrastructure project includes landscaping, and the construction of infrastructure, transport structures, and a fountain, with the work set to commence immediately and to be completed in phases between 2021 and 2022.
In a statement, Aldar said the project awards were part of its third-party development business, which has a portfolio of $2.7bn (AED10bn) projects with the Abu Dhabi Government in the UAE capital and overseas, which are nearing completion.
Commenting on the announcements, Aldar’s chief executive officer, Talal Al Dhiyebi, said: “The importance of these projects lies in the commercial and socio-economic value they will create for both Abu Dhabi and Aldar.
“Not only will they create a supply of flagship residential and commercial developments in Abu Dhabi, they are also set to create robust revenue streams for the construction sector and the broad supply chain it entails.
“We look forward to putting our expertise and experience in what will further the attractiveness of both Yas Island and Saadiyat Island as world-class destinations, and Al Falah as one of the most sought-after housing communities in Abu Dhabi.”