Damac awards $19.6m contract to CSCEC for Akoya Oxygen
CSCEC carrying out major road and infrastructure works
Damac Properties has awarded China State Construction Engineering Corporation (CSCEC) a contract for the development of road and infrastructure works at its Akoya Oxygen development. As per the terms of the deal, CSCEC will carry out major work at Victoria, Avencia and Amargo clusters, which comprise 1,623 villas.
The developer had previously awarded two contracts to Arabtec to build villas at Akoya Oxygen, one in March of this year to build 916 units and the other in August 2017 for 1,296 villas.
“This latest contract award to CSCEC will see major road and infrastructure work being carried out at three clusters within Akoya Oxygen, providing access and services to support 1,623 villas. We are pleased to further strengthen our relationship with CSCEC, as we accelerate development in almost every part of our largest master-community, which will start to welcome its first residents at the end of 2018,” said Ali Sajwani, general manager of Operations at Damac Properties.
Akoya Oxygen is located off the Umm Suqeim Road extension and is said to feature homes made up of energy-efficient materials, controls and systems. The development features an 18-hole golf course and will boast other amenities such as a luxury shopping arcade, five-star hotel and an organic market. The project will also include mosques, clinics, schools, nurseries, and restaurants.
