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Mon 25 Jul 2016 07:07 PM

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Abu Dhabi's TDIC awards $100m contract for Saadiyat project

Al Jaber Building wins contract to build villas and townhouses in Jawaher Saadiyat development

Abu Dhabi's TDIC awards $100m contract for Saadiyat project

Abu Dhabi's Tourism Development and Investment Company (TDIC) has announced that it has awarded the main construction contract for Jawaher Saadiyat to Al Jaber Building.

The contract is valued at AED370 million ($100.7 million) and the project is on a 24-month delivery from mobilisation on site, news agency WAM reported.

Located within the Saadiyat Beach District, Jawaher Saadiyat will feature 83 exclusive units comprising 4 to 6 bedroom villas and 4-bedroom townhouses. 

Ali Majed Al Mansoori, TDIC’s chairman, said: "We are pleased to announce the awarding of the main contract for Jawaher Saadiyat, the latest residential community at the Saadiyat Beach District, which adds to Saadiyat’s appeal as a destination of choice in the market.

"TDIC has already received much interest from investors for Jawaher due to its prime location overlooking the Saadiyat golf course and the sense of exclusivity it offers to residents. We are confident that once completed, it will drive demand for our real estate offerings on Saadiyat even further."

Obaid Khaleefa Al Jaber Al Marri, chairman of Al Jaber Group added: "We are proud to be chosen by TDIC to execute this project. Having previously developed more than 7,000 villas in numerous prestigious projects, Al Jaber Building is looking forward to join hands with TDIC to develop yet another great milestone."

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