In a significant move to accelerate its luxury real estate portfolio, Ras Al Khaimah-based developer BNW Developments has entered into a strategic construction partnership valued at approximately one billion dirhams ($272 million) with China Railway No. 4 Engineering Group (CREC4), a subsidiary of Fortune 500 infrastructure giant China Railway Group Limited.
The collaboration marks BNW’s latest initiative to strengthen its execution capabilities following previous construction agreements and rapid mobilization of on-ground teams across its development pipeline. With enabling works and foundational activities on earlier projects nearing completion, the partnership positions BNW to leverage CREC4’s global engineering expertise and disciplined delivery frameworks to scale upcoming waterfront developments to international standards.
BNW Chairman Ankur Aggarwal emphasized the strategic importance of the alliance, stating: “We are in an execution-driven phase with singular focus on disciplined, on-time delivery. China Railway Group brings deep engineering capabilities, robust governance systems, and proven international experience, including established operations in the UAE. This partnership represents one of several global construction alliances we are activating to support our growth with speed, quality, and credibility.”
Managing Director Dr. Vivek Anand Oberoi reinforced the company’s commitment to quality, noting: “We consciously collaborate with globally recognized contractors whose track records demonstrate engineering integrity and adherence to international standards. CREC4’s capabilities align closely with our vision of developing enduring, design-led projects.”
CREC4 Middle East & Eastern Europe General Manager Gang Li commented: “This partnership enables us to apply our global project management expertise and advanced construction methodologies to BNW’s luxury developments. We are committed to ensuring efficient implementation, rigorous quality control, and delivery that meets investor and end-user expectations.”
China Railway No. 4 Engineering Group brings extensive experience from large-scale infrastructure projects across China and more than 30 international markets. BNW Developments currently manages a development pipeline exceeding 32 billion dirhams in Gross Development Value, with a portfolio that includes Aqua Arc, Taj Wellington Mews, Pelagia, FashionTV Acacia, Aquino, and Tonino Lamborghini Residences Ras Al Khaimah. The company is evaluating additional global construction alliances as part of its long-term execution strategy.