Arabtec wins Dh179m contract for phase 3 of DSO Cedre Villas project

Published Sunday, June 23, 2013

By Staff

Arabtec Holding, a Mena construction company, specialising in complex projects, announced that its specialist home construction unit, Arabtec Living, has been awarded a Dh179 million contract for the construction of the third phase of Dubai Silicon Oasis (DSO) Cedre Villas project. The 53,000 square meter extension will be completed over a period of 15 months, and will add 160 villas to the Cedre Villas Complex.

Hasan Abdullah Ismaik, Managing Director and CEO of Arabtec Holding, said: “We are pleased to partner with Dubai Silicon Oasis Authority once again on the third phase of this key residential project. Repeat business accounts for about 60 percent of our backlog, further testifying to the trust customers place in the quality of our work and unique expertise in the construction of specialised projects.”

Arabtec has delivered more than 13,000 villas in the last decade alone, providing high quality homes for about 50,000 people. It is currently building another 8,000 villas in the UAE and across the region.

The total gross value of contracts awarded to Arabtec in 2013 is nearly Dh13 billion, with a backlog of projects that are on-going or in initial stages valued at nearly Dh20.4bn by the end of the first quarter of 2013.

The previous two phases of The Cedre Villas development project were built by Arabtec with the second phase completed in 2010. This third phase will feature 2-storey villas offering a total built up area of 3,800 square feet. The extension brings the total number of villas to 1,207.

Cedre Villas is part of a comprehensive urban community at DSO that combines office towers, research and development (R&D) and industrial zones, educational institutions, luxury apartments, villas, hotels, healthcare facilities and a wide range of lifestyle options to create a dynamic commercial and social environment.

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