Capitala, the Abu Dhabi-based strategic master planner and developer, has awarded a Dh1.9 billion ($500 million) contract for the construction of Rihan Heights in the first phase of its flagship project, Arzanah.

The contract has been clinched by a joint venture partnership between Sunway Construction (SunCon), part of the international Sunway Group, a leading multi-disciplinary conglomerate headquartered in Malaysia, and Silver Coast Construction & Boring Est, a leading Abu Dhabi-based contractor. 

The 25-month main construction contract covers all other construction activities as well as associated mechanical, electrical and plumbing works (MEP), said a company official.

Strategically located at the gateway point on Abu Dhabi island, $6 billion Arzanah project is a 1.4 million sqm fully integrated, mixed use development surrounding Zayed Stadium.

It offers a unique blend of quality residential properties with leisure, sports and retail amenities that focuses on promoting an active urban lifestyle for its residents and the community at large.

Rihan Heights consists of five residential towers with 854 apartments and 14 exclusive villas. Enabling works have already commenced with piling completed a month ahead of schedule.

Heang Fine Wong, acting chief executive officer of Capitala, said, “We congratulate this joint venture between Sunway Construction of Malaysia and Abu Dhabi-based Silver Coast Construction & Boring Est on their successful bid.  We look forward to working closely with them over the next two years.”

'This is a key milestone for both Capitala and our major project, Arzanah. We have achieved a significant advantage with the completion of our enabling works ahead of schedule and main construction works are due to commence this coming November.'

'We are on target to complete Rihan Heights and start the gradual hand over of residences to our buyers in the first quarter of 2011,' he added.-TradeArabia News Service