ARADA has awarded the first main construction contract at its $6.5bn mixed-use project in Sharjah, Aljada.
Modern Building Contracting Company (MBCC) will build the first four Areej Apartments blocks, based within Phase 1 of Aljada, the developer said without revealing the value of the deals.
Mobilisation will take place onsite in the coming weeks, with full construction set to commence by the end of July, ARADA said in a statement.
The buildings, which contain the first homes to be built within the 24 million square foot project, are scheduled to be completed by the end of 2019. In total, over 250 units will be built across the four Areej Apartments blocks.
HE Sheikh Sultan bin Ahmed Al Qasimi, chairman of ARADA, said: “This award is an important milestone for Aljada as we move into the development phase of this iconic and transformational project.”
The contract award is the latest announcement at Aljada, the AED 24bn ($6.5bn) development located on the last large plot of undeveloped land in the heart of Sharjah.
In April, ARADA announced the launch of East Village, a 15-building creative community targeting the younger generation, which constitutes Phase 2 of Aljada, while also confirming that enabling work onsite had begun.
Also in April, the developer signed an agreement with Emaar Hospitality Group to bring three new hotels, Address Aljada Sharjah, Vida Aljada Sharjah and Rove Aljada to the megaproject.
In March, ARADA announced that Zaha Hadid Architects had won a global competition to design the Central Hub, a leisure and entertainment complex at the heart of Aljada.
In January, the developer also confirmed that the global engineering giant Jacobs had won a key contract to design the infrastructure for the project.
Set to be delivered in phases starting in 2019, the entire project is expected to be completed by 2025.