Page 16 - Magazine February 2022

Companies News Contractors News

CSCEC ME Wins Main Contract for the Al-Kharafi won AED322 million contract
to build 920 homes at Sharjah`s Aljada
Peninsula at Business Bay Project

CSCEC ME has been awarded The Peninsula Select Group’s position as a leading real estate
at Business Bay Project by Select Group with a and property developer in the region.”
contract value of AED 630 million.
The project is located in Business Bay, in close
vicinity of Dubai Mall. The project consists
of 3 plots of A, E and G, and includes civil and
MEP works, interior decoration and exterior
construction of three plots, road construction and
landscaping among the three plots.
Commenting on the contract win, Mr.
Yu Tao – President& C.E.O. of CSCEC ME said:
“We are delighted to be leading the first phase of
construction of the Peninsula development. We
look forward to working with Select Group to bring Arada has awarded a major contract to build eight Ahmed Alkhoshaibi, CEO of Arada, said, «This award
this exceptional project to fruition. premium apartment buildings in Aljada, the AED24 to Al-Kharafi shows our continued commitment to
We are confident that we will contribute to the billion lifestyle megaproject in New Sharjah. The eight delivering high-quality homes at Aljada, which is
excellence of Peninsula, further strengthening Tiraz buildings form part of Naseej District, the new increasingly becoming one of the region›s most
creative neighbourhood at Aljada, containing 920 active job sites with 6,000 units currently under
homes. construction.
Valued at AED322 million, the contract was won by «The coming year will be transformational for
Mohammed Abdulmohsen Al-Kharafi & Sons (Al- Aljada, with substantial retail, education, F&B
Kharafi), a reputable Kuwaiti contractor with nearly and entertainment assets all nearing completion,
70 years of experience in the regional construction alongside thousands of new homes, which will see the
industry worked with Arada previously on the Nasma community›s population rising significantly.»
Residences project. Several key components of the Aljada master plan
Work on the Tiraz buildings will start immediately, are scheduled to be completed this year, including
and construction is scheduled to take 18 months to the third and fourth Misk Apartments buildings, which
complete. will be finished in March, and the second and final
Featuring a range of studios, one-bedroom and two- phase of the SABIS International School – Aljada (SIS-
bedroom apartments, the Tiraz buildings overlook Aljada), which will open in August.
open courtyards and garden spaces. Smart home Arada will also complete the East Village complex
features come as standard at all Tiraz apartments. of 16 apartment blocks, the Nest student housing
Residents can also enjoy exclusive access to a health community consisting of 12 apartment blocks and
club, two swimming pools, children›s play areas and a the second Sarab villa community at Aljada by 2022.
family barbecue space. In 2021, Arada completed 1,200 homes at Aljada,
Future construction contracts to be awarded at the including 12 apartment blocks and the first Sarab
Naseej District include deals for the Vida Aljada hotel, villa community and the first phase of SIS-Aljada.
residences and serviced apartments complex, the five Spread over a 24 million square foot area, Aljada is
Sokoon buildings and the Naseej District Museum. All Sharjah›s largest ever project and a transformational
of these contracts will be awarded in 2022. destination for the Emirate.

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