UAE-based BNW Developments has announced a strategic construction partnership, proposed to be valued at AED1 billion ($272.2 million) with CREC4, a subsidiary of top global infrastructure group China Railway Group, for its key development pipeline.
This collaboration marks a pivotal milestone in the company's evolution as the company enters an execution-driven phase of growth, said BNW Developments in its LinkedIn post.
Following its earlier collaboration with MAN Construction and the rapid mobilisation of on-ground execution teams, the proposed appointment of CREC4 significantly enhances BNW’s delivery capabilities through global engineering expertise, disciplined governance systems and adherence to international construction standards.
As BNW Developments advances its AED32 billion ($8.7 billion) gross development value (GDV) pipeline, the partnership with CREC4 represents one of several global construction alliances being activated, it stated.
These strategic collaborations are aimed at supporting the company’s next phase of growth, strengthening execution capacity, and ensuring timely and high-quality project delivery across its expanding development portfolio, it added.-TradeArabia News Service
