Real Estate

BNW Developments, one of the UAE’s fastest-growing private developers, has officially announced a strategic alliance with MAN Construction, a key subsidiary of Masah Group, to lead the construction of Aqua Arc—an ultra-luxury waterfront development on Al Marjan Island, Ras Al Khaimah.

This billion-dirham partnership underscores BNW’s long-term vision of reshaping high-end coastal living and marks the beginning of a broader collaboration between two major players in the Middle East’s real estate and infrastructure landscape.

With a rapidly expanding portfolio exceeding AED 22 billion, BNW Developments has chosen Masah’s MAN Construction for its strong track record in delivering technically complex and high-value projects across the GCC. Masah is widely recognized as a Tier‑1 contracting company, with achievements spanning landmark residential, marine, aviation, and healthcare infrastructure projects, including Ajdan Rise and Sulaiman Al Habib Hospitals.

Prominent Leadership in Attendance

The signing ceremony was attended by high-ranking officials from both organizations. Representing Masah were:

• Mr. Mohammed Abdul Nayeem, Chairman of Masah Holdings and MAN Construction

• Sheikh Mohammed Bin Sulaiman Alhabib, Vice Chairman, Masah Construction & Alpha Metals

• Mr. Althaf Kazi, CEO & Managing Partner, MAN Specialized Contracting, UAE

• Mr. Mirza Naseem Beg, CEO & Managing Partner, Alpha Metals, Saudi Arabia & UAE

• Mr. Mohammed Misbah, Advisor to the Chairman

From BNW Developments, the attendees included:

• Mr. Ankur Aggarwal, Chairman & Founder

• Mr. Vivek Anand Oberoi, Managing Director & Co-Founder

Shared Vision for Luxury and Executional Excellence

The Aqua Arc project is envisioned as a symbol of architectural brilliance, integrating elegance, functionality, and the serene coastal atmosphere. With Masah’s appointment, the project enters a new phase of executional confidence.

“Partnering with BNW Developments for Aqua Arc is a proud milestone for Masah. We see this as a symbol of a shared vision to create landmark communities that reflect global standards and regional character,” said Mohammed Abdul Nayeem, Chairman of Masah Holdings and MAN Construction.

“The appointment of Masah is a critical step in our mission to deliver not just residences, but reference points in global luxury living,” noted Ankur Aggarwal, Chairman & Founder of BNW Developments.

“Masah isn’t just a contractor, they’re craftsmen of scale. Their structural command and process transparency align with our ethos of trust, ambition, and long-term value creation,” added Vivek Anand Oberoi, Managing Director & Co-Founder.

Legacy, Governance, and Future Expansion

Masah’s legacy is closely tied to Dr. Sulaiman Al Habib, an influential figure in the region’s healthcare and infrastructure development. Under the leadership of Sheikh Mohammed Bin Sulaiman Alhabib, this legacy continues to shape cross-border partnerships and projects that uphold the highest standards of quality and innovation.

The partnership further strengthens BNW’s operational capabilities, governance, and scalability. Looking ahead, BNW hinted at its expansion into Saudi Arabia in 2026—signaling a new chapter in its regional growth trajectory.

With Aqua Arc poised to become a defining luxury development in Ras Al Khaimah and the backing of Masah’s executional prowess, BNW is set to make a lasting impact on the Middle East’s real estate landscape.

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