Sunday 20 October 2019
 
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Modon inks $417m Abu Dhabi mixed-use project contracts

ABU DHABI, 27 days ago

Modon Properties (Modon), a development company mandated by the Abu Dhabi government to build vibrant and sustainable communities and develop strategic mixed-use projects, has awarded the Dh1.53 billion ($417 million) infrastructure contract for the Phase One of Riyadh City South project in the UAE capital.

The project, which is being carried out in co-operation with Abu Dhabi Housing Authority (ADHA), was awarded to three contractors - Nael & Bin Harmal Hydroexport Establishment (NBHH), National Projects & Construction and Al Jimi & Partners Contracting Company, said a statement from Modon.

As per the deal, the trio will develop roads, electricity networks, potable water and sewage infrastructure, irrigation networks, traffic signals, gas connections, telecommunication networks and connect the entire project to existing infrastructure.

Tristar Engineering & Construction is currently working on preliminary tasks in accordance with approved plans, it stated.

Modon said the awarding of this project follows the completion of the preliminary infrastructure work which started last April across 4,000 hectares, equivalent to 40% of the land area of Abu Dhabi Island.

Riyadh City, located 30 km from the capital, will have easy access to major urban and industrial venues across the emirate, said the statement from Modon.

The project comes in line with the Abu Dhabi government's plan to build well-planned, sustainable residential communities which fulfill the needs of citizens, and offer them a full range of facilities, including parks, schools, shops, mosques, health care and community centres, it added.

On the new contracts, Basheer Khalfan Al Mehairbi, the acting director general of ADHA, said: "Riyadh City is a major housing project that will advance the housing sector of Abu Dhabi, in line with the vision of the emirate."

"Through providing a comprehensive set of service facilities, the community infrastructure will meet the needs of UAE citizens," he added.

Lauding the Abu Dhabi leadership, Al Mehairbi said: "Through collaboration with Modon, the government is investing in world-class resources and building high quality infrastructure that can provide a housing ecosystem which is aligned with the future vision of Abu Dhabi."

"The government is developing residential communities which provide citizens with a good quality of life. Part of developing a community is the construction of the high quality infrastructure for the future residents of Riyadh City," he added.

Modon CEO Abdulla Al Sahi said the awarding of the project confirms that work is currently moving ahead in a timely manner.

"The infrastructure works which have been awarded to three contractors, will officially begin in October and will cover 8.4 million sq m. The infrastructure will serve over 3,310 residential plots, 7 schools, two kindergartens, two health care centres besides 18 mosques, 14 commercial plots, a civil defence centre, a number of petrol stations and 5 plots designated to government buildings," explained Al Sahi.

"The infrastructure will include internal roads, street lighting, reduction of groundwater levels, telecommunication, water and sanitation, rainwater drainage systems, fire-fighting systems, traffic control systems and gas and electricity grids," he stated.

Al Sahi said the infrastructure project work in the south of Riyadh City will be completed in five phases, allowing residential plots to be constructed more quickly.

As per our current schedule, the remaining phases will commence in 2020, serving a total of 13,000 plots, he stated.

"At Modon Properties, we aim to foster relationships between the public and the private sector, which falls into the government vision of encouraging a competitive and diverse economy," he added.-TradeArabia News Service




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