Sunday, January 29, 2017

Kier-ACC JV wins $187m Dubai housing project deal

Leading British construction group Kier said its joint venture with UAE-based Arabian Construction Company has won a £150 million ($187.2 million) accommodation project in Dubai.

The scheme is part of Town Square, a major new mixed-use project being developed by Nshama.

This is the second accommodation development Kier has been awarded by Nshama; it had earlier won a £50 million ($62 million) award in November, which it is undertaking on its own rather than being part of a JV, reported the construction index.

It is also delivering a package of infrastructure works on the Town Square site for Nshama under a contract worth £12 million awarded last summer.

Nshama offers trendy, dynamic and sustainable communities consisting of family townhouses and apartments with a range of modern amenities and the best in facilities management and lifestyle features.

The project, to be funded with the support of UK Export Finance, will boast a total built-up area of 171,224 sq m including 1,496 apartments, shops, a swimming pool and a gym.



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Links topic: https://www.wegocasablanca.com/2017/01/kier-acc-jv-wins-187m-dubai-housing.html