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Abu Dhabi developer Capitala has awarded the main construction contract for Rihan Heights, the first phase of its $5-6 billion flagship project, Arzanah.
Valued at Dh1.9 billion ($500 million), the contract was awarded to the joint venture between Sunway Construction (SunCon) of Malaysia and Silver Coast Construction & Boring, an Abu Dhabi-based contractor.
Arzanah is a 1.4 million sq m fully integrated, mixed-use development surrounding Zayed Stadium in the UAE capital. It offers a blend of quality residential properties with leisure, sports and retail amenities that focus on promoting an active urban lifestyle for its residents and the community at large.
Rihan Heights consists of five residential towers with 854 apartments and 14 exclusive villas. Enabling works have commenced with piling completed a month ahead of schedule. This 25-month main construction contract covers all other construction activities as well as associated MEP (mechanical, electrical and plumbing) works.
Heang Fine Wong, active chief executive officer of Capitala, commented: “We congratulate this joint venture on their successful bid. We look forward to working closely with them over the next two years.”
SMC Alsop is the architect for Rizan Heights, which is scheduled for completion in the first quarter of 2011.
