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Abu Dhabi National Hotels Awards AED2.2 Billion Construction Deal for Luxury Residence Project

MT Newswires·10/23/2026 00:43:52
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12:43 AM EDT, 10/23/2026 (MT Newswires) -- Abu Dhabi National Hotels (ADX:ADNH) awarded a contract worth 2.2 billion Emirati dirhams to Al Hamad Building Contracting for the main construction works on a luxury residence project in the United Arab Emirates. The Abu Dhabi-listed hotel company completed the piling phase of the Nasim Al Bahr Residences project and is now moving into the main construction phase, according to a Thursday release. The project is expected to be completed in the fourth quarter of 2028.