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Tue 30 Jan 2018 01:27 PM

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Developer awards contract to start work on Sharjah's biggest project

ARADA says it has hired Jacobs Engineering Group to carry out infrastructure design of $6.5bn Aljada project

Developer awards contract to start work on Sharjah's biggest project

Developer ARADA has awarded the infrastructure design contract for Aljada, Sharjah’s largest ever mixed-use project, to professional services firm Jacobs Engineering Group Inc.

The contract forms part of the overall AED1.2 billion infrastructure package for Aljada, which will see Jacobs managing all aspects of infrastructure delivery for the project, including roads, water, power and drainage, ensuring full integration with the overall masterplan.

Aljada, with a sales value of AED24 billion, was unveiled by Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, in September. Since that date, he 24 million sq ft project has become Sharjah’s fastest-selling residential community.

Sheikh Sultan bin Ahmed Al Qasimi, chairman of ARADA, said: “This is a significant milestone for Aljada, as we continue to work towards breaking ground on this megaproject by the end of the first quarter. We are pleased to be partnering with Jacobs, a company with an excellent track record in delivering world-class projects around the world.”

Neil Stevens, project director with Jacobs, added: “We are extremely happy to be working closely with ARADA on the development of Aljada, a landmark project both for Sharjah and the UAE. We are looking forward to bringing our expertise and skills to this inspiring project and help deliver innovative, yet sustainable infrastructure, for this exciting development.”

Earlier this month, ARADA announced that it had secured a AED1 billion Islamic financing facility with two major UAE banks, Abu Dhabi Commercial Bank and Dubai Islamic Bank, to help fund the development of Aljada.

Delivered in phases starting in 2019, construction on Aljada will begin by the end of March and the entire project is expected to be completed by 2025.

Aljada will comprise retail, leisure and entertainment options, in addition to a wide range of residential and commercial offerings.

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