Arabtec inks deal to build mega project in Ras Al Khaimah
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Arabtec inks deal to build mega project in Ras Al Khaimah

Arabtec inks deal to build mega project in Ras Al Khaimah

Arabtec Holding, the UAE's largest contractor, has signed a contract with Khoie Properties for the construction of the La Hoya Bay Development on Ras Al Khaimah's Marjan Island, Bloomberg has reported. The total value of the project is estimated at Dhs2.5bn ($680m) and it will be built in phases over 54 months, Arabtec said. La Hoya Bay Development is designed to include homes, hotels, offices, retail space, three marinas and a yacht club.

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