BNW Developments and Masah forge billion-dirham partnership for ultra-luxury project, Aqua Arc
Gulf News
Published On : 08 July, 2025
In a strategic move that reflects precision, pedigree and performance, BNW Developments has signed MAN Construction, a subsidiary of the Masah Group, as the principal construction partner for Aqua Arc, its iconic waterfront project set to redefine ultra-luxury living in Ras Al Khaimah.
The signing ceremony witnessed the presence of distinguished leadership from both sides, underscoring the strategic weight of the alliance. Representing Masah and its subsidiaries were Mohammed Nayeem, Chairman, Masah Holdings and MAN Constructions, Dubai; Mohammed Alhabib, Vice Chairman, Masah Construction and Alpha Metals; Althaf Kazi, CEO and Managing Partner, MAN Specialized Contracting, UAE; Mirza Naseem Beg, CEO and Managing Partner, Alpha Metals, Saudi Arabia and UAE; and Mohammed Misbah, Advisor to the Chairman. From the BNW Developments side, Ankur Aggarwal, Chairman and Founder, and Vivek Anand Oberoi, Managing Director and Co-founder, were present, each playing a pivotal role in bringing this illustrious partnership to fruition.
Aqua Arc, nestled on the pristine coast of Al Marjan Island, is among BNW's most anticipated ventures, an architectural ode to elegance, functionality and sea-facing serenity. With MAN onboard, the execution enters a new realm of confidence and capability. As the largest private developer in Ras Al Khaimah, BNW continues to lead with intent, scale and an investor-first focus. The collaboration with a group of Masah's calibre, reinforced by the institutional support of UAE leadership, marks a significant inflexion point in BNW's regional trajectory. Beyond the immediate commencement of Aqua Arc, this partnership strengthens BNW's operational depth, governance alignment, and cross-border reliability, key enablers for sustainable expansion into new markets.
Oberoi also hinted at the brand's expansion into Saudi Arabia in 2026, marking the next frontier in its regional growth story. With the goodwill and strategic capital this alliance brings, BNW is well positioned to establish a meaningful footprint in one of the most competitive real estate landscapes in the Middle East.
