NBCC Partners with Pantheon Elysee for AED 3 Billion Real Estate Projects in UAE

• NBCC partners with Dubai-based Pantheon Elysee Real Estate Development for large-scale UAE projects.
• The collaboration will focus on residential, hospitality, and mixed-use developments worth AED 3 billion.
• The partnership marks NBCC’s strategic expansion in the Middle East real estate sector.

State-owned NBCC (India) Ltd has entered into a strategic partnership with Pantheon Elysee Real Estate Development LLC, a leading Dubai-based real estate company, to jointly develop projects across the United Arab Emirates.

The two companies signed a Memorandum of Understanding (MoU) outlining plans to collaborate on premium residential, hospitality, and mixed-use real estate developments with an estimated value of AED 3 billion.

The agreement was formalized by Pradeep Sharma, Executive Director (Engineering) at NBCC, and Ali Abusafieh, Legal Director at Pantheon Elysee, in the presence of K. P. Mahadevaswamy, Chairman and Managing Director of NBCC.

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The partnership aims to combine NBCC’s six decades of project management and engineering expertise with Pantheon’s deep understanding of the UAE’s real estate landscape. This collaboration will further strengthen NBCC’s presence in the Middle East construction market, building on its previous success, including the completion of the India Pavilion at Dubai Expo 2020.

Through this alliance, both firms intend to deliver world-class infrastructure and sustainable developments that align with the UAE’s growing demand for high-quality real estate projects.