BNW Developments And Masah Announce Partnership For 'Aqua Arc' Real Estate Project

In a strategic move that reflects planning, experience, and performance, BNW Developments has officially signed MAN Construction (a subsidiary of the Masah Group) as the principal construction partner for Aqua Arc, its waterfront project planned to introduce high-end living in Ras Al Khaimah. Aqua Arc marks the beginning of a planned long-term collaboration between the two firms, with additional projects currently in the pipeline.

This collaboration brings together two industry titans: BNW, a growing private developer in the region with a bold AED 22+ billion portfolio, and MAN Construction/Masah, a Class A contracting company operating across the GCC with experience in turnkey projects. The signing ceremony was attended by representatives from both companies, highlighting the strategic significance of the alliance. Representing Masah and its subsidiaries were Mr. Mohammed Nayeem (Chairman, Masah Holdings & MAN Constructions, Dubai), Mr. Althaf Kazi (CEO & Managing Partner, MAN Specialized Contracting, UAE), Mr. Mirza Naseem Beg (CEO & Managing Partner, Alpha Metals, Saudi Arabia & UAE), and Mr. Mohammed Misbah (Advisor to the Chairman). From the BNW Developments side, Mr. Ankur Aggarwal (Chairman & Founder) and Mr. Vivek Anand Oberoi (Managing Director & Co-founder) were present, each playing a key role in bringing this partnership to fruition.

Founded on values of technical integrity and delivery at scale, Masah has been involved in several major construction projects across the GCC, from Ajdan Rise to major healthcare assets like Sulaiman Al Habib Hospitals and Almoosa Specialist Hospitals. They are recognized for award-winning marine and aviation infrastructure, including the Red Sea Global Terminal at the Red Sea International Airport.

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 aligned innovation with impact, with the group receiving recognition across healthcare, hospitality, residential, and aviation sectors.

"Partnering with BNW Developments for Aqua Arc is a proud milestone for Masah. 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."

- Mohammed Abdul Nayeem, Chairman of Masah holdings and MAN constructions.

Aqua Arc, nestled on the pristine coast of Al Marjan Island, is among one of BNW’s upcoming ventures, designed with an emphasis on elegance, functionality, and sea-facing serenity. With MAN onboard, the execution enters a new phase of coordination and capability.

“At BNW, we’ve always believed that design vision means little without executional brilliance. 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,” shared Mr. Ankur Aggarwal, Chairman & Founder, BNW Developments

“Masah isn’t just a contractor, they’re craftsmen of scale. 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,” added Mr. Vivek Anand Oberoi, Managing Director & Co-Founder, BNW Developments

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, marks a significant inflection point in BNW’s regional trajectory. Beyond the immediate commencement of Aqua Arc, this partnership adds to BNW’s operational depth, governance alignment, and cross-border reliability, key enablers for sustainable expansion into new markets. Mr. Vivek Anand Oberoi, Managing Director and Co-founder of BNW Developments, also hinted at the brand’s imminent expansion into Saudi Arabia in 2026, marking the next phase of its regional growth story. With the goodwill and strategic capital this alliance brings, BNW is positioned to establish a presence in the competitive real estate landscape of the Middle East.

About BnW Developments

BnW Developments is a UAE-based real estate platform with an active Asset Under Management (AUM) of AED 15 billion, focusing on premium real estate and urban projects across the region. BnW Developments is contributing to the evolving real estate landscape in the Middle East with its approach to asset creation, investor value, and community- centric design.

Founded and led by Ankur Aggarwal, with over 16 years of experience in finance, advisory, and project execution, BnW Developments has built a track record of delivering notable projects across the UAE.

The company has played a role in developing key destinations, with a focused investment in Ras Al Khaimah (RAK), particularly Al Marjan Island, an emerging location for premium real estate.

Backed by a team of over 400 professionals, BnW Developments combines sector-specific knowledge with a results-oriented approach. The company’s integrated approach spans the full real estate lifecycle—from land acquisition and concept development to customer experience and long-term asset value enhancement—aiming to serve the needs of investors, residents, and stakeholders across the region.