Arada awards AED475 million contract to build Vida Aljada hotel complex in Sharjah

Arada awards AED475 million contract to build Vida Aljada hotel complex in Sharjah

SHARJAH, 12th January, 2023 (WAM) -- Arada has awarded a major contract to build the four buildings in the Vida Aljada hotel complex, which is located at the Aljada megaproject in Sharjah.

The contract will result in the construction of the 175-room Vida Aljada hotel, as well as 255 branded residences and 149 branded serviced apartments, all of which are based in Aljada’s cultural district.

Valued at AED475 million, the contract to build the four buildings was awarded to Gulf Asia Contracting Company LLC (GAC), a Dubai-based contractor with extensive civil and industrial construction experience across the UAE, Saudi Arabia and Qatar. Work on the Vida Aljada complex will begin immediately and is scheduled to take 30 months.

Owned and developed by Arada and operated by Vida Hotels & Resorts, the Vida Aljada is the first of three Emaar Hospitality properties that will be built at Aljada, which include The Address Aljada and Rove Aljada.

Ahmed Alkhoshaibi, Group CEO of Arada, said, “We are confident that Vida Aljada and the further properties we are building in partnership with Emaar Hospitality will set a new benchmark for hospitality in Sharjah, significantly strengthening the tourism sector and adding value to the local economy.

“This is a major