Aldar Awards AED335 Million Contract For Sustainable Destination Alghadeer

Aldar Properties today announced appointment of Al Rakha Contracting and General Transport LLC as the main contractor for infrastructure buildings and early works package for the first neighbourhood in the second phase of Alghadeer – a AED10 billion mega development, situated close to the border of Abu Dhabi and Dubai.

ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 12th Nov, 2018) Aldar Properties today announced appointment of Al Rakha Contracting and General Transport LLC as the main contractor for infrastructure buildings and early works package for the first neighbourhood in the second phase of Alghadeer – a AED10 billion mega development, situated close to the border of Abu Dhabi and Dubai.

The AED335 million contract comprises construction of 707 maisonettes, townhouses and villas following site preparation work. This neighbourhood is located in the north west section of the masterplan, which features over 14,000 high-quality homes, commercial properties, cultural and institutional amenities and entertainment attractions to be built over the coming 15 years.

Talal Al Dhiyebi, Chief Executive Officer at Aldar, commented, "From its location at the centre of the UAE, Alghadeer offers residents a peaceful community with sustainable living initiatives within close proximity to both Abu Dhabi and Dubai. We have seen solid interest in Alghadeer which expands our successful destination-led strategy to new areas of the Emirate."

Since its launch in April 2018, Aldar has announced the sale of two plots within Alghadeer which will feature a British curriculum school and a LuLu supermarket and a community clinic in line with handovers of the first new community to customers.