Arabtec wins Dh179m contract for Dubai Silicon Oasis villa project
Abu Dhabi: Arabtec Holding PJSC (Arabtec) announced Sunday that its specialist home construction unit, Arabtec Living, has been awarded a Dh179 million contract for the construction of the third phase of Dubai Silicon Oasis (DSO) Cedre Villas project.
The 53,000 square meter extension will be completed over a period of 15 months, and will add 160 villas to the Cedre Villas Complex.
The total gross value of contracts awarded to Arabtec in 2013 is nearly Dh13 billion, with a backlog of projects that are ongoing or in initial stages valued at nearly Dh20.4 billion by the end of the first quarter of 2013.
The previous two phases of The Cedre Villas development project were built by Arabtec with the second phase completed in 2010.
This third phase will feature 2-storey villas offering a total built up area of 3,800 square feet.