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Bettesworth Construction
Abu Dhabi construction

Royal Development Holding and SAAS Award AED 790 Million Main Works Contract to Fibrex

Royal Development Holding and SAAS Properties appointed Fibrex LLC for the AED 790 million main works contract at Seamont Residences in Abu Dhabi.

By Bettesworth Construction Team 2 min read
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Royal Development Holding and SAAS Properties have appointed Fibrex LLC as main contractor for Seamont Autograph Collection Residences on Abu Dhabi’s Al Reem Island. The announced contract value is AED 790 million. Construction was scheduled to start in October 2026, with completion targeted for December 2028 under a 27-month programme; these are announced targets, not verified progress updates.

Who received the AED 790 million contract?

Fibrex LLC was appointed to carry out the main construction works. Royal Development Holding and SAAS Properties are the development partners that awarded the contract. Emirates Stallions Group, the parent group of Royal Development Holding according to Business Today Middle East, listed the announcement in its press-release index on October 5, 2026: Emirates Stallions Group press releases.

Business Today Middle East reported the contract award and project details on October 5, 2026: report on the Fibrex contract award.

What is being built, and where?

The contract covers the main works for Seamont Autograph Collection Residences, a waterfront residential development on Al Reem Island in Abu Dhabi. The project is described as contemporary in design, with inspiration from the surrounding mangrove environment and views toward Saadiyat Island’s cultural district.

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The development is presented as branded residences associated with Marriott’s Autograph Collection standards. The available reporting describes a residential project, not a hotel, and does not establish whether individual residences are currently available for sale. Further project positioning appears in Autograph Collection’s Seamont overview.

What is the announced construction schedule?

Milestone Announced timing What it means
Main construction start October 2026 A scheduled start month reported by Business Today Middle East; it does not confirm work began.
Construction programme 27 months The announced programme duration.
Target completion December 2028 The reported target, not confirmation that completion is assured or that the schedule remains unchanged.

The report says enabling works were complete when the award was announced. It does not independently verify subsequent progress or whether the main works began as scheduled.

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What is known about the contractor?

Fibrex is responsible for the project’s main construction works. Business Today Middle East attributed to the company more than five decades of construction experience and a workforce of over 17,000. Those figures are company-scale claims reported by the outlet, not independently verified credentials for this contract.

The announcement identifies the main contractor and overall contract value, but the available coverage does not detail the work packages, technical scope, procurement arrangements, or interim delivery milestones.

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What the award does—and does not—confirm

  • Confirmed in the announcement: Fibrex LLC is the appointed main contractor, and the main works contract is valued at AED 790 million.
  • Still a target: October 2026 construction start and December 2028 completion under a 27-month programme.
  • Not established by the coverage: that main construction has commenced, that the completion target is unchanged, or that homes are currently being marketed for sale.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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