Contracts for the development of infrastructure for the third and fourth phases of Riyadh City South also awarded
Modon Properties (Modon), a subsidiary of ADQ mandated by the Abu Dhabi Government to develop integrated tourism destinations and sustainable residential communities, has awarded the infrastructure development contracts for phases three and four of Riyadh City South at a cost of AED 1.93bn (US$ 525.5mn) , in partnership with the Abu Dhabi Housing Authority.
This completes the awarding of all infrastructure development contracts for Riyadh City South at a total cost of AED 5.83bn (US$ 1.587bn). The infrastructure works will begin in 2020 and will cover a total area of 15.8mn sqm.
“This project falls in line with the efforts of the UAE’s wise leadership to provide a high-quality of life for families, social stability for citizens, and sustainable communities for residents,” commented Jaber Mohammed Ghanem Al Suwaidi, General-Director of the Crown Prince Court of Abu Dhabi and Chairman, Abu Dhabi Housing Authority.
“Riyadh City South will cater to the needs of all residents by offering a range of comprehensive and integrated facilities,” noted Abdulla Al Sahi, Chairman, Modon.
“The Riyadh City South project is in line with the Authority’s efforts to cater to the needs of citizens by developing residential communities that provide them with a diverse range of facilities and amenities,” remarked Bashir Khalfan Al-Muhairbi, Director-General, Abu Dhabi Housing Authority.
Two contractors, Tristar Engineering & Construction and Nurol, were awarded the contracts for the development of the infrastructure.
