trending Market Intelligence /marketintelligence/en/news-insights/trending/r8e5x-fnkgvjqxiypgcafa2 content esgSubNav
In This List

Emaar awards 1.2B-dirham contract to China State Construction for Dubai project

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Emaar awards 1.2B-dirham contract to China State Construction for Dubai project

Emaar Development PJSC awarded China State Construction Engineering Corp. Middle East with a 1.2 billion United Arab Emirates-dirham contract to build its Downtown View II project in Dubai, Construction Week Online reported.

The Chinese state-owned contractor will construct the development's three high-rise residential buildings that will comprise 1,509 units, a partial basement level, four floors of podium parking, a ground-floor retail unit and mechanical, electrical, and plumbing rooms as part of the agreement, according to the report.

Construction Week added that it reached out to both parties regarding the contract, which was awarded days after China State Construction won a separate 512 million-dirham deal from Damac Properties Dubai Co. PJSC for the construction of a residential building forming part of the Dubai developer's 7 billion-dirham, six-tower Aykon City project in downtown Dubai.

As of Sept. 6, US$1 was equivalent to 3.67 UAE dirhams.