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02-09-18
UAE's Damac grants USD139m construction contract to CSCEC
(MENAFN) UAE's Damac Properties was confirmed to have presented China State Construction Engineering Corporation (CSCEC) with a USD139 million contract.
The contract was awarded to CSCEC for the construction of tower C of Aykon City, Damac's luxury mixed-use development on Sheikh Zayed Road in Dubai.
Damac's general manager of operations Ali Sajwani stated "CSCEC shares our commitment to quality, safety and timely delivery."
The general manager noted "after a thorough tendering process, we have chosen to expand CSCEC's remit in the Aykon City project beyond AED1.1 billion, having awarded them the contract to build tower B earlier this year."
Sajwani added "we also look forward to seeing the towers of AYKON City complement Dubai's distinctive skyline and one of the world's greatest urban transformations, the Dubai Water Canal."
MENAFN0209201800450000ID1097376517
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