Dubai – Mubasher: Dubai-based BIC contracting Company (BICC) received a contract worth of $28 million (AED 103 million) from real estate developer Arada for construction works at the Aljada project.
Under the deal, BICC will be entrusted with supervising and executing all infrastructure development works, including water, power and road networks for the first phase of the development, Arada said in a statement on Tuesday.
On-site work is scheduled for completion towards the end of 2019, the same as the first phase of Aljada.
“Infrastructure is the backbone of any successful real estate development. Arada is very pleased to be working with BICC, a high-calibre company with a strong track record in this area,” commented Arada chairman Sheikh Sultan bin Ahmed Al Qasimi.
He added that Arada was confident that it would meet the highest standards in its execution of this project.
Earlier in July, Modern Building Contracting Company (MBCC) was awarded main construction works for the Areej’s first residential blocks, another project by Arada, worth $6.5 billion (AED 24 billion)
The first phase of Sharjah-based Aljada consists of 14 buildings encompassing 1,300 units and 100 townhouses along with semi-detached villas.
“Aljada is a project that represents Sharjah’s future, and we’re proud to be working with Arada to help bring this destination to life,” Al Qasimi concluded.
