Evershine Contracting, the UAE-based construction and contracting company, has been awarded the $152m contract for Phase 4 of the waterfront Azizi Riviera project by its owner Azizi Developments. The contract will comprise constructing 10 out of the 20 towers to be built in Phase 4.
In his comment on awarding the contract to Evershine, Mirwais Azizi, the chairman of Azizi Developments explained that the company is aiming at finishing the project ahead of the schedule as the market demand for community real estate projects is at a high level in the current time.
Situated in Meydan One, Azizi Riviera is a $3.2bn community project that comprises 69 mid-rise residential buildings, in addition to two hotels and a shopping district.
The residential buildings of the community are planned to house a total of 13,000 units that vary between studio apartments, one-bedroom apartments and two-bedroom apartments. The work on the project’s fourth phase will start in the next July.
Earlier this month, Azizi Developments has awarded Tasmeem Building Contracting a $27m contract for three of its projects in Meydan Avenue. Also, it is worth mentioning that Azizi made an announcement that it is going to award $5bn worth of projects this year in Dubai.