Damac Properties has awarded Arabtec the dhs500 million contract to build its Damac Heights project in the Dubai Marina.
The firms said that work would start on the project as soon as enabling works were complete, and did not give a completion date.
The new project is close to Damac’s Ocean Heights, also being built by Arabtec, which is “due to be completed later this year”.
“Our intention to continue awarding significant new contracts is part of our overall strategy to ensure that there is business continuity and activity at a variety of levels within the company’s portfolio,” said Hussain Sajwani, Damac chairman.
» full story