Major Developers Seals Alliance with New System Engineering for Manta Bay Project
Deal News | May 23, 2025 | Zawya
In a strategic partnership, Major Developers has selected New System Engineering LLC as the main contractor for the Manta Bay luxury project on Al Marjan Island, Ras Al Khaimah. This alliance underscores Major Developers' philosophy of combining trusted collaborations with technical rigor to deliver luxury and quality. Led by CEO Andrei Charapenak, Major Developers has reaffirmed its commitment to architectural excellence in the UAE by entrusting NSE, a veteran in engineering with over two decades of experience under General Manager Imad Eddin Khalil. The collaboration aims to set a benchmark in design, livability, and construction, with every detail reflecting precision and enduring value. As part of its expansion in the Northern Emirates, a new project in RAK Central signals further aspirations of sustainable urban development.
Sectors
- Real Estate Development
- Construction and Engineering
Geography
- United Arab Emirates – The project's location and the involved companies are based in the UAE, particularly in Ras Al Khaimah.
- Ras Al Khaimah – Al Marjan Island, the project's setting, is located in Ras Al Khaimah, a region undergoing substantial architectural development.
Industry
- Real Estate Development – The article discusses a strategic partnership focusing on a luxury real estate project on Al Marjan Island, showcasing activity in the real estate development industry.
- Construction and Engineering – Involves New System Engineering's role as the main contractor for the project, highlighting engineering and construction aspects.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Major Developers | Developer | Company | A prominent real estate developer in the UAE focused on luxury projects, led by CEO Andrei Charapenak. |
| New System Engineering LLC | Main Contractor | Company | An established engineering firm in the UAE, known for high-quality civil, structural, and infrastructure projects, led by General Manager Imad Eddin Khalil. |