Capitala awards construction contract for Dh1.9bn Rihan Heights
Thursday, September 25, 2008
The Abu Dhabi-based developer, Capitala, has announced that it has awarded the construction contract of first phase of its Arzanah project, the Dh.1.9bn 'Rihan Heights'.
The construction contract has been awarded to a joint venture partnership between Sunway Construction (SunCon), part of international Sunway Group, a leading Malaysian-based multi-disciplinary conglomerate and Silver Coast Construction & Boring Est., a leading Abu Dhabi-based contractor.
The 25-month main construction contract includes all construction activities, and the associated electrical, mechanical and plumbing works.
Located at the gateway point on the Abu Dhabi Island, the $6bn Arzanah project is an integrated, mixed-use development spreading across 1.4mn square feet bordering the Zayed stadium. It offers a unique blend of quality residential properties with sports, leisure and retail amenities which focus on promoting an active urban lifestyle for its residents and community.
Rihan Heights comprises five residential towers, with 14 exclusive villas and 854 apartments. The enabling works have already begun and piling is completed a month ahead of schedule.
The Acting Chief Executive Officer of Capitala, Heang Fine Wong, said "This is a milestone for both Capitala and our major project Arzanah. With the enabling works complete ahead of schedule, and main construction works due to commence in November, we have already achieved a significant advantage."
Rihan Heights is progressing on track, and the gradual handover of residences to buyers are expected during first quarter of 2011, he added.
Labels: Abu Dhabi, New Contracts
