DAMAC awards $20mn contract for AKOYA Oxygen

DAMAC Properties has awarded China State Construction Engineering Corporation (CSCEC) with a AED 72mn ($19.6mn) contract for major road and infrastructure work at AKOYA Oxygen. The deal takes total construction spend on the 55 million sq ft community to over AED 5.6bn since its inception, with the developer looking to start deliveries at end of this year.
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