Subsidiary of Q Holding and leading real estate developer in the UAE, Q Properties, announced that it had awarded a design and construction contract to NSCC International Ltd.
Valued at 61.96 million, the contract in question is of circa 5,000 piles foundation of Reem Hills’ six apartment buildings.
Located at the heart of Abu Dhabi, Reem Hills is the only gated community that exists on the capital’s Al Reem Island and it focuses on wellbeing and exclusivity.
Q Holding’s Group CEO, Majed Odeh, said that they were delighted to announce that they had entrusted this crucial piling work to NSCC International Ltd. for the six apartment buildings of their Reem Hills project.
He said that the company’s commitment to excellence and proven expertise was aligned seamlessly with their decision.
He went on to say that they would work together for building a foundation that would take Reem Hills to new heights of innovation and success.
NSCC International Ltd will work on buildings that will comprise of 1 and 2-bedroom apartments, along with 3-bedroom townhouses.
Each of these apartments and townhouses have been designed with the ease of use and comfort of the users in mind.
NSCC International Ltd’s Group CEO, Khalil Khouri, also commented on their contract win and said that they were excited and honored to have entered into a partnership with Q Properties.
He said that they were looking forward to laying the foundations of this prestigious development in the heart of Abu Dhabi and bring it to life.
Q Properties is committed to contributing to Abu Dhabi’s economic development as well as support the UAE’s global ambitions. The Reem Hills project is a reflection of this commitment.
A subsidiary of IHC, Q Holding has been listed on the second market of ADX since 2017 and is considered a premier investment company in the UAE.
It focuses on hospitality, real estate development and other investments to drive the economy forward. Q Holding is also committed to diversification, excellence and innovation.
It is able to provide long-term returns and also supports the UAE’s global ambitions, as it builds a foundation for sustainable and successful investment.
Q Holding was formed to function as the major driving force in the next stage of global economic development and it has become a powerful business enabler.
In fact, it offers investors and businesses a strong foundation on which they can build their network, which allows them to rewrite the future of sustainable and successful investment.
This is accomplished through their focus on diversification and excellence and delivering a higher value to stakeholders via innovation.
Q Holding will be able to provide its shareholders with sustainable growth by delivering long-term returns and making contributions to Abu Dhabi’s economic development.
This would help the company in supporting the UAE’s global ambitions. Its core ethos of top-notch corporate governance and effective management can go a long way in helping achieve this goal.