Royal Development Holding, a subsidiary of ADX-listed Emirates Stallions Group, and SAAS Properties have awarded an AED 790 million main works construction contract to Fibrex LLC for Seamont Autograph Collection Residences on Al Reem Island.
The contract marks the project’s transition from enabling works to full-scale construction. Construction is scheduled to begin in October 2026, with a 27-month programme targeting completion in December 2028.
Located on Al Reem Island in Abu Dhabi, Seamont Autograph Collection Residences is a waterfront branded residential development combining contemporary architecture with Marriott’s Autograph Collection standards.
Fibrex will undertake the project’s main construction works. The UAE-based contractor has more than 50 years of construction experience and a direct workforce of over 17,000 people.
Royal Development Holding said the contract represents a significant milestone in the delivery of the project and forms part of its strategy to expand its portfolio of premium branded residences.
Emirates Stallions Group is a subsidiary of IHC and operates through more than 50 subsidiaries across sectors including real estate, manpower and accommodation, design and manufacturing, landscaping and agriculture.
Source: Emirates Stallions Group
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
