BNW Developments and Masah Group sign AED 1 billion deal to launch flagship ‘Aqua Arc’ in Ras Al Khaimah

In a strategic move poised to elevate the luxury real estate landscape of Ras Al Khaimah, BNW Developments has signed a landmark construction partnership valued at AED 1 billion with Masah Group. The agreement appoints MAN Construction, a subsidiary of Masah, as the principal contractor for Aqua Arc, BNW’s ultra-luxury waterfront development on Al Marjan Island.

This milestone unites two industry leaders—BNW, one of the region’s fastest-growing private developers with a project pipeline exceeding AED 22 billion, and Masah, a GCC-recognized Tier 1 contracting firm renowned for its turnkey capabilities and engineering expertise.

The signing ceremony welcomed key stakeholders from both companies. Representing Masah Group were Mr. Mohammed Abdul Nayeem (Chairman, Masah Holdings & MAN Construction), Mr. Mohammed Alhabib (Vice Chairman), Mr. Althaf Kazi (CEO & Managing Partner, MAN Specialized Contracting), Mr. Mirza Naseem Beg (CEO, Alpha Metals), and Mr. Mohammed Misbah (Advisor to the Chairman). From BNW Developments, Mr. Ankur Aggarwal (Chairman & Founder) and Mr. Vivek Anand Oberoi (Managing Director & Co-Founder) were present to mark the alliance.

“Partnering with BNW for Aqua Arc is a proud milestone for Masah,” said Mr. Nayeem. “This reflects a shared vision to build iconic communities that represent both regional identity and global excellence.”

Aqua Arc: Precision Meets Elegance

Poised to become a landmark on Al Marjan Island, Aqua Arc combines contemporary architecture with panoramic sea views and sustainable design. With a focus on detail, execution, and elegance, the project aims to redefine coastal luxury living.

“At BNW, design ambition must be matched by delivery,” said Ankur Aggarwal. “Masah’s engineering depth and commitment to timelines make them an ideal partner.”

“Masah are not just builders—they’re masters of scale and structure,” added Vivek Anand Oberoi. “Their ethos perfectly aligns with ours: excellence, transparency, and long-term value creation.”

Expanding Beyond Borders

This collaboration marks a pivotal moment in BNW’s regional growth, with plans to expand into Saudi Arabia in 2026. With a shared commitment to innovation and sustainability, BNW and Masah are set to deliver projects that reflect ambition, quality, and regional pride.