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SHARE Sharjah-based real estate developer Arada awarded a Dh180 million ($49m) contract to Al Ashram Contracting to build a new residential complex at its Aljada master development in the emirate. Dubai-based contractor Al Ashram will build three residential apartment blocks and other amenities at the Dh24 billion mixed-use development, the company said in a statement on Sunday. “These . homes in one of the most desirable parts of Aljada have been welcomed by investors and end-users and will be a valuable addition to Sharjah’s property landscape on completion,” Sheikh Sultan bin Ahmed Al Qasimi, chairman of Arada, said. Arada is a joint venture between KBW Investments – a company controlled by Saudi Arabia’s Prince Khaled bin Alwaleed – and Sharjah-based Basma Group. The company set a target to increase annual sales to Dh3bn by 2025, its chief executive Ahmed Alkhoshaibi told

United arab emiratesAsh shariqahDubai islamic bankAbuz abyAhmed al qasimiAhmed alkhoshaibiAl juwaizaaBasma groupAjman bankContracting companySaudi arabiaPrince khaledSharjah based basmaIntermass engineeringNasma residencesNew sharjah