Earthworks contract for Eye of Ajman awarded |
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Bonyan International Investment Group (Holding)Bonyan International Investment Group (Holding)
, a leading real estate company, has awarded the earthworks contract for its flagship Dh3.5 billion Eye of Ajman development to RAM Road Contracting.The contract with RAM Road Contracting is in line with BonyanBonyan
's commitment to develop the complete infrastructure within the Eye of Ajman project by 2010, said the developer.The contract follows the recent signing of a Dh7.34 billion contract between the Ajman Government and Malaysia-based power producer Malaysian Mining Corporation (MMC) to build the first coal-fired power plant in the region.
The new power plant, which is expected to generate one gigawatt of electricity as early as 2012, will ensure stability in the emirate's power supply, and is also in line with BonyanBonyan
's commitment towards ensuring continuous electricity supply upon occupancy in its offered plots. Bonyan GroupBonyan Group
says its regional projects portfolio will reach Dh10 billion in three years.By Staff Writer
© Emirates Business 24/7 2008
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