Punj Lloyd, an engineering and construction group in India, said it has been awarded a major infrastructure contract worth Rs308 crore ($45 million) in Dubai, UAE.

As per the deal awarded by Front Line Investment Management Company, a subsidiary of Damac Properties Development, the Indian group will be responsible for the construction of 168 villas at Trixis Cluster of the Akoya Oxygen master development offering a luxury lifestyle at the heart of
nature in Al Yufrah 2, Dubai.

Only 25 minutes from the centre of the city along the Umm Suqeim Expressway and spread over a 55 million sq ft of land, Akoya Oxygen is a breathtaking community offering cleaner air, naturally cooler temperatures and a carefully designed masterplan and road network system to reduce pollution, with dedicated spaces for bicycles and hybrids.

The community will feature a selection of opulent homes set within endless green with 18-hole
championship golf course, luxurious five-star hotel as well as 2,000 hotel apartments, luxury retail
strip (Vista Lux) encompassing a 1-million-sq-ft entertainment and retail district featuring a
waterway and more than 1.5 km of walkway.

On the win, Shantanu Karkun, the president and chief executive for Buildings and Infrastructure,
Punj Lloyd said: "Dubai is today synonymous with luxury and it is our privilege to win this
contract for a premium luxury development. The Akoya Oxygen community will have the
region’s first rainforest and will be fully completed before Expo 2020."

"Punj Lloyd Group has delivered several luxury spaces including the Jumeirah Islands Villa in Dubai, the Four Seasons Hotel in Singapore and the many integrated iconic entertainment resorts in Singapore," he added.-TradeArabia News Service