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Modon Holding awards AED 1bn construction contract for Maysan project

Modon Holding awards AED 1bn construction contract for Maysan project
Maysan Project
Modon
MODON
-0.87% 3.41 -0.03

Abu Dhabi - Mubasher: Modon Holding has awarded a contract for executing the Maysan project on Reem Island to Trojan Construction Group, at a total value of AED 1 billion.

The award covers the construction of two modern and fully integrated residential communities, ‘Mayar’ and ‘Thoraya’, according to a press release.

This supports Modon’s commitment to delivering long-term sustainable value and meeting the highest international standards.

The Mayar community includes 60 townhouses and 132 stacked maisonettes, a new concept in Abu Dhabi.

The second district, Thoraya, features 184 townhouses, guarded by a private entrance that ensures both exclusivity and security.

When complete, the project will leverage seamless access to the beach, landscaped parks, and a vibrant community center.

Modon Holding recently generated AED 3 billion in sales of Bashayer, the first waterfront residential community on Hudayriyat Island, within one day of the launch.