Arada awards contracts for $2.1lbn mega Housing Project - MENA startups, innovation, and tech news

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Arada awards contracts for $2.1lbn mega Housing Project
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Arada awards contracts for $2.1lbn mega Housing Project

UAE-based developer Arada has awarded the first two contracts for its mega property development, Masaar in Sharjah. It has a $2.1 billion upscale mega community development in Sharjah’s Suyoh district.

 US engineering consultancy Parsons Overseas Limited has awarded the contract for infrastructure design and supervision consultancy services. They will supervise all aspects of infrastructure delivery for the project, including the building of roads, water, power, and drainage systems. 

ASGC Construction was awarded the contract to build the Masaar Experience Centre and a five-bedroom show villa in the project’s Sendian district. Masaar Experience Centre is a space that will give an overview of what life in the community will be like. These constructions are expected to be completed by the end of this year.  

14-15 upfront

 HE Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada quoted this as a landmark moment in their journey at Masaar, a project that has been designed to set a new standard of living, not just for Sharjah but for residential communities throughout the region. They also witnessed strong demand for properties within the first phase of Masaar. Arada has also launched a new forested community project that will feature 4,000 villas and townhouses in eight gated communities. The first homes are scheduled for completion in the first quarter of 2023.

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