Kier-ACC JV wins $187m Dubai housing project deal
DUBAI, January 29, 2017
Leading British construction group Kier said its joint venture with UAE-based Arabian Construction Company has won a £150-million ($187.2 million) accommodation project in Dubai.
The scheme is part of Town Square, a major new mixed-use project being developed by Nshama.
This is the second accommodation development Kier has been awarded by Nshama; it had earlier won a £50 million ($62 million) contract in November, which it is undertaking on its own rather than being part of a JV, reported the construction index.
It is also delivering a package of infrastructure works on the Town Square site for Nshama under a contract worth £12 million awarded last summer.
Nshama offers trendy, dynamic and sustainable communities consisting of family townhouses and apartments with a range of modern amenities and the best in facilities management and lifestyle features.
The project, to be funded with the support of UK Export Finance, will boast a total built-up area of 171,224 sq m including 1,496 apartments, shops, a swimming pool and a gym.