Modern Building Contracting Company, one of the leading UAE-based construction companies, has been awarded a $27m contract for Aljada, Arada’s $6.5bn mixed-use master development in Sharjah.
In his comment on the contract award announcement, His Excellency Sheikh Sultan bin Ahmed Al Qasimi, the chairman of Arada Development, explained that the contract award is a major step for the iconic Aljada project as it marks the commencement of its development.
As per the awarded contract, Modern Building Contracting Company will build four blocks of Areej Apartments that comprise 255 units as a part of the first phase of Aljada project. The units are scheduled for delivery by the end of 2019.
With an area that spans more than 24 million square feet in the heart of Sharjah, Aljada is the emirate’s largest mixed-use development so far. It has been unveiled by His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, in 2017. Over the past year, the megaproject has grown ti be Sharjah’s fastest-selling development.
It is also worth mentioning that the first set of Aljada’s units is planned to be delivered within 2019 while the whole project is due for completion in 2025.