Azizi hands out construction contracts worth over $500mn
Azizi Developments has awarded a batch of contracts to build projects in the Meydan One development as well as Dubai Healthcare City.
The developer said it handed two construction contracts worth AED 1.7bn ($462.85mn) to build 35 buildings in the Meydan One, two out of four phases that will be constructed this year.
KCC Engineering Construction & Maintenance and Actco General Contracting Co were appointed to build the multi-phase project.
A signing ceremony was held at the Meydan headquarters last week and was attended by Mirwais Azizi, chairman of Azizi Developments, and Saeed Humaid Matar Al Tayer, chairman of the board and CEO of Meydan City Corporation.
Al Tayer said: Our ongoing collaboration with Azizi Developments continues to exceed expectations. Awarding contractors with proven track records like KCC and Actco means that this project is moving forward quickly while still maintaining the highest quality standards. This united effort to make Meydan the number one leisure destination is now showing results and bolstering its position in the region as an exciting location for residential developments and retail projects.
The first phase of 18 low- to mid-rise residential buildings will comprise 2,273 units and retail projects in Meydan One. They will be followed by an additional 17 buildings of 2,162 units in phase two. The residences encompass studio apartments, one-bedroom apartments, and two-bedroom apartments.
Azizi has also awarded a construction contract for three residential buildings containing a total of 1,900 apartments in Dubai Healthcare City to Belhasa Projects.
The fully-serviced residences are Azizi Development’s newest project in Dubai Healthcare City following Azizi Aliyah, which was its first venture into the area.
Farhad Azizi, CEO of Azizi Developments, said: These residences encompass our line of high-quality, efficiently-designed apartments that cater towards the health-conscious lifestyle of professionals and nuclear families. As ongoing supporters of Dubai Sports Council, building communities that priortise healthy-living is a core belief of our company.