BNW Developments and Masah forge billion-dirham partnership for ultra-luxury project, Aqua Arc

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.

Aqua Arc marks the beginning of what promises to be a long‑term collaboration between the two powerhouse firms, with more landmark projects already in the pipeline.

This collaboration brings together two industry titans: BNW, the region’s fastest‑growing private developer with a bold more than Dh22 billion portfolio, and MAN Construction/Masah, a Class A contracting giant renowned across the GCC for its turnkey capabilities.

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.

Tier 1 Contracting Company

The group’s Chairman, Mohammed Abdul Nayeem, was recently named among the top 25 in Construction Week Middle East’s Power 150 list, with MAN Construction being recognised as a Tier 1 Contracting Company. His leadership has consistently aligned innovation with impact, earning the group accolades across healthcare, hospitality, residential and aviation sectors.

"Partnering with BNW Developments for Aqua Arc is a proud milestone for Masah,” Nayeem said. “We see this as a symbol of a shared vision to create landmark communities that reflect global standards and regional character. Aqua Arc, with its distinct architecture and scale, is exactly the kind of challenge Masah was built for."

An architectural marvel

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.

“At BNW, we’ve always believed that design vision means little without executional brilliance,” said Aggarwal. “The appointment of Masah is a critical step in our mission to deliver not just residences, but reference points in global luxury living. Masah’s track record in constructing technically demanding projects, their commitment to timelines, and their engineering depth made them a natural fit. Aqua Arc is a signature BNW development, it demands nothing short of mastery, and with Masah, we’re confident that’s exactly what we’ll achieve.”

“Masah isn’t just a contractor, they’re craftsmen of scale,” added Oberoi. “What sets them apart is their consistency in delivering landmark projects that marry innovation with precision. Aqua Arc is an example of BNW’s unwavering intent to reshape Ras Al Khaimah’s skyline with substance and soul. For us, every partnership is about shared values. Masah’s professionalism, structural command, and transparent process align seamlessly with our own ethos of trust, ambition and long-term value creation.”

Investor-first focus

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.