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Arada awards Dh180m contract to build residential complex in Sharjah


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Sharjah-based real estate developer Arada awarded a Dh180 million ($49m) contract to Al Ashram Contracting to build a new residential complex at its Aljada master development in the emirate.
Dubai-based contractor Al Ashram will build three residential apartment blocks and other amenities at the Dh24 billion mixed-use development, the company said in a statement on Sunday.
“These . homes in one of the most desirable parts of Aljada have been welcomed by investors and end-users and will be a valuable addition to Sharjah’s property landscape on completion,” Sheikh Sultan bin Ahmed Al Qasimi, chairman of Arada, said.
Arada is a joint venture between KBW Investments – a company controlled by Saudi Arabia’s Prince Khaled bin Alwaleed – and Sharjah-based Basma Group. The company set a target to increase annual sales to Dh3bn by 2025, its chief executive Ahmed Alkhoshaibi told ....

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Arada awards contract to build Sharjah student housing complex


Arada awards contract to build Sharjah student housing complex
SHARJAH, February 17, 2021
Leading UAE developer Arada has awarded a AED367-million ($100 million) contract for the construction of its premier integrated student housing complex, Nest, which is located within its mega development, Aljada in Sharjah. 
 
The order was clinched by Intermass Engineering and Contracting Company, a Sharjah-based contractor with more than 40 years’ experience in the regional construction industry, which has also worked on previous phases at Aljada and at Nasma Residences, Arada’s first project.
 
Just 10 minutes’ walk from one of the Middle East’s fastest-growing education hubs, University City, Nest offers major facilities and amenities, all set within a smart technology-enabled space that sets a new standard for student housing not just regionally but globally.  ....

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Emirates News Agency - Arada to build AED367m student housing complex at Aljada, Sharjah

SHARJAH, 17th February, 2021 (WAM) Sharjah developer Arada has announced the award of a contract to build "Nest", an integrated student housing complex based at its Sharjah megaproject Aljada.

The AED367 million contract was won by Intermass Engineering and Contracting Company, a Sharjah-based contractor with more than 40 years’ experience in the regional construction industry, which has also worked on previous phases at Aljada and at Nasma Residences, Arada’s first project.

Work on the 12 five-storey apartment blocks at Nest will begin immediately, and. ....

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Arada to build Dh367m student housing complex at Aljada, Sharjah


Sharjah: Sharjah developer Arada has announced the award of a contract to build Nest , an integrated student housing complex based at its Sharjah mega project Aljada.
The Dh367 million contract was won by Intermass Engineering and Contracting Company, a Sharjah-based contractor with more than 40 years experience in the regional construction industry, which has also worked on previous phases at Aljada and at Nasma Residences, Arada s first project.
Work on the 12 five-storey apartment blocks at Nest will begin immediately, and the first units will be handed over in the second quarter of 2022, the company said in a statement.
Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, said, The Nest community fits perfectly with Sharjah s mission to provide a progressive and all-round educational experience for students from the UAE and around the world. ....

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