Earlier this month, Al Maabar announced that it has selected the preferred bidder for the main contracting works at Al Raha Village; Omar Abu Sa’ad & Sons Co. for a 26-month contract. The preferred bidder was selected from a pool of 10 qualified and experienced Jordanian contractors based on a set of stringent criteria, including their financial and technical strength.
H.E. Mr. Yousef Al Nowais, Managing Director of Al Maabar said: “Selection of these main contractors required significant consideration of their technical standards, financial strength and dedication to results that are aligned with Al Maabar’s vision to create landmark mixed-use developments that will exceed the expectations of those who will live, work and visit them. As our first-in-class projects are increasingly becoming synonymous with prestige, innovation and superior quality setting new benchmarks across the region, it is with great pride that we start construction at these properties. It is our long-standing commitment that our developments will fuel Jordan’s long-term economic growth and drive sustenance to local communities.”
During Cityscape Abu Dhabi 2013, booking of the residential units at Al Raha Village in Aqaba’s Marsa Zayed will start where interested customers can benefit from an early bird reservation promotion on units.
In Morocco, the residential properties at Rabat’s Bab Al Bahr; the largest mixed-use development project in the country’s history, continue to be in high demand. Sales of the Marina and Riverfront District residential units recently surpassed the 80% mark and their delivery continues.
Last year witnessed the commencement of phase two in Bab Al Bahr with the launch of the Arts District and its charming new units, retail entities of cafes and boutiques. Responding to evolving market demands, a new set of Arts District residential units will be launched. These new units have been developed to provide greater home selection options with greater flexibility in pricing and financing as well as unit sizes.
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