Builder appointed for $410m Saadiyat Island residential project
Saadiyat Development and Investment Company hires Shapoorji Pallonji Middle East as the main contractor for Qaryat al Hidd
Saadiyat Development and Investment Company (SDIC) has announced the appointment of Shapoorji Pallonji Middle East as the main contractor for its AED1.5 billion ($410 million) Qaryat al Hidd project on Saadiyat Island.
The 160,000 sq m Qaryat al Hidd development consists of two separate residential developments, Sunrise and Sunset.
Over 900 luxury apartments are spread across 12 buildings with each housing a range of one, two, three and four-bedroom apartments.
Board member Sheikh Hamdan Bin Saeed Bin Zayed Al Nahyan said: “The wealth of global experience and proven track record of delivering excellence on time and within budget was a key decision when selecting contractors for this project. In order to create world-renowned developments, it is important to work with people who are aligned with our goals and vision.
"The elegant design of the homes, the combination of a natural environment and waterfront lifestyle, a family-focused design and easy access to Abu Dhabi and Dubai’s business hubs, will ensure this development will be extremely popular with end-users,” he added.
Mohandass Saini, managing director and CEO of Shapoorji Pallonji Mideast, said: “We are honoured and excited to partner with world-class developer SDIC to develop the exquisite beachfront residential property... and we are committed and geared to complete the project on time."
Qaryat al Hidd forms part of the larger 1.5 million sq m Hidd al Saadiyat masterplan development on Saadiyat Island and will feature a range of amenities including parks, playgrounds, shops, restaurants as well as a range of five-star resorts and marina and yacht club.
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