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DAMAC Properties has awarded an AED512 million (USD 139.39 million) construction contract to China State Construction Engineering Corporation (CSCEC) to build tower C of AYKON City, DAMAC’s luxury mixed-use development on Sheikh Zayed Road.

DAMAC Properties has revealed that in the first two months of the year, it awarded 121 construction, supplier and consultancy contracts worth AED1.4 billion (USD381 million).