Abu Dhabi-based Modon Holding has been awarded a AED5 billion ($1.36 billion) main construction contract for two of its residential projects on Hudayriyat Island: Nawayef East and Nawayef West.
The development will deliver 735 luxury villas atop man-made hills reaching 45 and 55 metres in height. Details on the contractor and project timeline have not been disclosed.
This follows Modon’s recent AED1 billion contract award to Trojan Construction Group for the Maysan project on Reem Island.
Earlier this year, ADQ, IHC, and Modon formed a joint venture to create an infrastructure platform for large-scale, high-impact developments in Abu Dhabi, reinforcing the emirate’s strategic push into premium residential and mixed-use projects.
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