Arada awards $184.6mln contract to build Armani Beach Residences

Armani Beach Residences contract awarded to Arada for $184.6 million - PropertyNews.ae

Arada has given a subsidiary of the multinational construction behemoth China Railway Group Ltd (CREC) the main construction contract for the opulent Armani Beach Residences at Palm Jumeirah. The deal, which is worth AED678 million, will see the construction of the historic project by the end of 2027. China Tiesju Civil Engineering, a CREC affiliate, has vast expertise implementing difficult projects in the Middle East, Africa, Latin America, an…

Arada awards $184.6mln contract to build Armani Beach Residences

Valued at AED678 million, the contract will result in the development of the landmark project by the end of 2027