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TDIC awards Jawaher Saadiyat main construction contract to Al Jaber Building

posted on 26/07/2016: 1430 views



The Tourism Development and Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced yesterday that it has awarded the main construction contract for Jawaher Saadiyat to Al Jaber Building LLC, following a competitive tendering process.

The contract is valued at AED 370 million and the project is on a 24-month delivery from mobilisation on site.

Ali Majed Al Mansoori, TDIC's Chairman of the Board, said, "We are pleased to announce the awarding of the main contract for Jawaher Saadiyat, the latest residential community at the Saadiyat Beach District, which adds to Saadiyat's appeal as a destination of choice in the market. TDIC has already received much interest from investors for Jawaher due to its prime location overlooking the Saadiyat golf course and the sense of exclusivity it offers to residents. We are confident that once completed, it will drive demand for our real estate offerings on Saadiyat even further."

Obaid Khaleefa Al Jaber Al Marri, Chairman of Al Jaber Group said, " We are proud to be chosen by TDIC to execute this project. Having previously developed more than 7,000 villas in numerous prestigious projects, Al Jaber Building is looking forward to join hands with TDIC to develop yet another great milestone."

Located within the Saadiyat Beach District and overlooking the spectacular views of the Saadiyat Beach Golf Club, Jawaher Saadiyat will feature 83 exclusive units comprising 4 to 6 bedroom villas and 4-bedroom townhouses designed in a contemporary and modern style. The villas' built-up area ranges from 636 to 1,268 square metres, and include two to four shaded car parks. The townhouses built-up area ranges from 462 to 464 square metres and include two shaded car parks. - Emirates News Agency, WAM – http://www.wam.ae/en/news/economics/1395298141249.html

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