Arabtec Holding has been awarded an $115m (AED424m) contract from Damac Properties to build 916 villas in the Akoya Oxygen master development, the company announced on Wednesday.
Emirates Falcon Electromechanical Co. (EFECO) will be carrying out mechanical, electrical and plumbing works for the project.
The project consists of 329 units in Mimosa, 419 units in Basswood and 168 units of the Amazonia extension located in phase 6 of the Akoya Oxygen master development. The three-phase developments covers a built-up area of approximately 148,000 square-meters and will take 22 months to complete, beginning this month.
“We are delighted to have been awarded another project from Damac Properties,” said Arabtec CEO Hamish Tyrwhitt.
"The onboarding of repeat business from our clients is testament to our strengthened relationships across our core geographies and in our core competencies.”
Akoya Oxygen is a 55 million square-foot development that will also be home to a 18-hole championship golf course, as well as shopping, retail, entertainment and hospitality components in addition to its villas, apartments and serviced units.
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