Aldar awarded $2.3bn worth of contracts in 2021

Developer says 16 contracts awarded to 14 UAE-based contractors

Aldar Properties, the UAE-based property developer, has announced that 16 contracts worth more than $2.3 billion were awarded across Abu Dhabi in 2021.

In a statement, Aldar said that the volume and value of work undertaken by it in 2021 highlights the economic rebuild in the UAE capital, following the impact of the pandemic in 2020, and provided a boost to the emirate as a destination to work, live and play.

The developer said that the sixteen contracts awarded spanned infrastructure, residential, commercial, and mixed-use projects in Abu Dhabi. These contracts were awarded to 14 different UAE-based contractors, resulting in a significant contribution to the local economy.

Through these contracts, Aldar has created a positive impact via direct and indirect job creation and supported a broad range of local businesses, in line with the UAE’s National In-Country Value (ICV) programme, the developer stated.

On the contracts award, CEO Adel Abdulla Albreiki said: “Aldar continues to be a key strategic partner in enhancing Abu Dhabi’s profile as a world-class destination by delivering on owned and managed projects across the capital.”

“Generating a positive impact on the local economy is a core priority for Aldar, so we are proud to support UAE-based businesses in such an impactful way. Furthermore, almost all products used by our partners are being sourced locally, which helps circulate additional money back into the local economy and helps mitigate supply chain issues,” remarked Albreiki.

“Our contribution will be further bolstered throughout 2022 as we press ahead with our plans to develop a broad suite of residential, commercial, educational, and retail offerings,” he stated.

In 2021, Al Shafar General Contracting (ASGC) was awarded a contract for mixed-use development and infrastructure works at Saadiyat Grove and Al Gurm, respectively. Fibrex won a contract to develop villas at Noya, while Trojan was awarded a villa development contract at Yas Acres. Nael General Contracting was awarded the contract to develop villas at Wathba.

Infrastructure projects were awarded to National Projects & Construction (NPC), Nael & Bin Harmal Hydroexpert (NBHH), Western Bainoona Group (WBG), and Hilalco. Further projects were awarded to Al Ryum, Gulf Landscape, ATS, Emirates Links, Engsol and Dutco.

In 2022, new development project contracts have already been awarded to UAE-based businesses across two projects on Saadiyat Island, with plans for further work to begin throughout the year.

Aldar’s focus on supporting local businesses is part of its commitment to the National ICV programme. In late 2019, the programme was extended to the real estate sector to drive growth and diversification of the economy through increased employment opportunities for nationals and business opportunities for the UAE-based companies.

The Emirati developer added that the programme also encourages its contractors to build their own ICV supply chains to maximise the programme’s impact.

As part of the company’s wider ESG strategy, Aldar’s procurement sustainability strategy includes standards on worker welfare and environmental and societal impacts, ensuring that ESG best practices are embedded throughout its supply chain.


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