DAMAC Properties (DAMAC) has announced that it had awarded 121 contracts, valued at AED1.4bn, in the first two months of the year. The contracts for construction, supplies and consultancy work, have been awarded at five DAMAC projects, including DAMAC Hills. Contractors varied from local to international ones, like Ghantoot Gulf Contracting and China State Construction Engineering Corporation.
DAMAC Properties (DU): AED2.89 as of 9 Mar. 2017, Rating: Neutral, TP: AED2.30/share, MCap: USD4,764mn, DAMAC UH/DAMAC.DU