Page 17 - Magazine February 2022
P. 17

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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