Abu Dhabi’s Modon awards $535mln residential city deals – ZAWYA

  • Date: 24-Jul-2020
  • Source: Zawya
  • Sector:Economy
  • Country:UAE
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Abu Dhabi’s Modon awards $535mln residential city deals – ZAWYA

abu dhabi's modon awards $535mln residential city deals infrastructure development contracts awarded for phases three and four of riyadh city south    image used for illustrative purpose. labourers work at the construction site of abu dhabi. uae-based modon properties has awarded the infrastructure development contracts for phases three and four of riyadh city south worth aed 1.93 billion ($525 million), in partnership with the abu dhabi housing authority.with this contract awarding, the total value of infrastructure development deals for the riyadh city south has risen to aed 5.83 billion.the infrastructure works will begin this year and will cover a total area of 15.8 million sq m. phase three of the project covers 6,153,000 square metres, while phase four spans 9,647,000 square metres. both phases make up roughly 45% of the total project area.jaber mohammed ghanem al suwaidi, general-director of the crown prince court of abu dhabi and chairman of the abu dhabi housing authority, said: "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.""the riyadh city south is one of the most important housing projects in abu dhabi, and